News Snapshot:
BEIJING, Aug 16 (Reuters) – Chinese steel futures declined on Monday, with rebar leading the declines after falling to a more than 10-day low, as slower-than-expected growth in industrial output and cooling construction activities in the country weighed on prices. China’s industrial production rose 6.4% in July from the same month a year earlier, data from the National Bureau of Statistics showed, failing market expectation of 7.8% growth and slowed from a jump of 8.3% in June. The country’s property investment also grew at a slower pace in January-July from the first half of the year, while new construction starts...
