Rebar Swings as Investors Weigh China Reforms, Weak Demand
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Steel reinforcement-bar futures in Shanghai closed little changed after swinging between gains and losses as investors weighed China’s plans to reform its economy against weak demand in winter.
Rebar for May delivery, the most-active contract by volume on the Shanghai Futures Exchange, ended today 1 yuan ($0.16) higher at 3,592 yuan a metric ton, after rising as much as 0.5 percent and falling as much as 0.2 percent.