Rebar Advances as China’s Manufacturing Growth Beats Estimates
This article is for subscribers only.
Steel reinforcement-bar futures in Shanghai rose after China’s manufacturing increased more than estimated in October, underpinning a recovery in the biggest steel user.
Rebar for delivery in May, the most-active future by volume on the Shanghai Futures Exchange, advanced 1 percent to 3,671 yuan ($602) a metric ton, the highest close for the contract since Oct. 16. It advanced 2.4 percent for the week.