Shanghai steel rebar futures fell more than 4% on Thursday, their biggest one-day slide ever....

|By:, SA News Editor

Shanghai steel rebar futures fell more than 4% on Thursday, their biggest one-day slide ever. Prices had been on a nice roll in September, encouraged by spurious Beijing promises of new infrastructure projects. "Steel demand hasn't improved at all," says a trader. "When (sellers) tried to raise prices, end-users became reluctant to buy."