Rebar in Shanghai Closes Near Five-Week Low as Inventory Climbs
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Steel reinforcement-bar futures closed near a five-week low as inventory increased, while China’s second cash crunch this year reduced investment in the commodity.
Rebar for May delivery on the Shanghai Futures Exchange ended little changed at 3,604 yuan ($594) a metric ton from 3,603 yuan yesterday, which was the lowest close since Nov. 18.