Rebar kept falling yesterday as oversold iron ore roared higher. This is an entirely unconvincing bottom:
Chinese growth is fine:
Industrial output rose 7% in January-February from the same period a year earlier, the National Bureau of Statistics said Monday, much faster than economist estimates. Growth in fixed-asset investment accelerated to 4.2%, also stronger than forecasts. Retail sales increased 5.5%, roughly in line with projections.