Rebar in Shanghai Advances to Seven-Week High as Iron Ore Jumps
This article is for subscribers only.
Steel reinforcement-bar futures in Shanghai rose for a third day after iron ore prices jumped to the highest level in three months as Chinese purchases continued to rise.
Rebar for May delivery, the most-active contract on the Shanghai Futures Exchange, climbed 0.1 percent to close at 3,713 yuan ($610) a metric ton, the highest since Oct. 14.