Rebar Posts Worst Week in a Month on China Cash Crunch Concerns
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Steel reinforcement-bar futures in Shanghai declined for a second week as funding costs in China surged amid the worst cash crunch since June.
Rebar for May delivery on the Shanghai Futures Exchange retreated 0.7 percent to close at 3,627 yuan ($597) a metric ton. The most-active contract lost 1.3 percent this week, the biggest drop since the week ended Nov. 15.