Shanghai rebar extends rally as steel margins recover

Rebar futures in China rose for a fifth consecutive session on Monday amid improving steel margins in the world’s top producer of the construction and manufacturing material. The Shanghai Futures Exchange’s most-traded contract for the construction material, for delivery in January 2020, ended 0.6% higher at 3,556 yuan ($508.43) a tonne, after climbing to 3,576 yuan earlier in the session, its strongest since Sept. 30.