Rebar in Shanghai Falls to One-Month Low as Ore Price Declines
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Steel reinforcement-bar futures dropped for an eighth day, slipping to a four-week low, as iron ore prices fell and traders’ inventory in China increased.
Rebar for May delivery on the Shanghai Futures Exchange retreated by 0.4 percent to close at 3,612 yuan ($595) a metric ton, the lowest level since Nov. 21.