FMG 1.20% $21.41 fortescue ltd

http://www.bloomberg.com/news/2013-03-27/rebar-prices-rise-as-spr...

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    http://www.bloomberg.com/news/2013-03-27/rebar-prices-rise-as-spring-construction-demand-trims-stockpiles.html

    Steel reinforcement-bar rose on optimism that demand for the material used in housing and railroads will increase as large construction projects in northern China resume operations after winter.

    The contract for delivery in October rose as much as 0.9 percent to 3,916 yuan ($630) a metric ton on the Shanghai Futures Exchange, and traded 3,908 yuan at 10:15 a.m. local time. Futures have declined 9.1 percent since reaching a 10- month high of 4,297 yuan on Feb. 8.
 
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