Bloomberg reported that steel reinforcement-bar futures dropped for a second day after a leading indicator for China's economy rose at a slower pace, boosting concern that demand growth for the construction material may slow.
Rebar for delivery in May fell as much as 1.4% to CNY 3,764 per tonne on the Shanghai Futures Exchange, the biggest intraday loss since November 29.
Source:
http://www.steelguru.com/chinese_news/Steel_rebar_futures_extend_decline_at_SHFE/295917.html
