Rebar Falls as Steelmaker Cuts Prices on Weaker Demand
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Steel reinforcement-bar futures fell in Shanghai after Jiangsu Shagang Co., China’s biggest maker of the commodity, was reported to have lowered prices amid weakening demand.
Rebar for May delivery on the Shanghai Futures Exchange declined 0.9 percent to close at 3,462 yuan ($573) a metric ton. The most-active contract dropped for a fifth week in the five days through Jan. 10.