* Open interest for rebar contract falls on Tuesday from Monday * Spot iron ore falls to 1-1/2 month low * China daily steel output drops early December (Adds China steel output, updates prices) By ...

Steel rebar futures advanced after China announced tough new capacity restrictions to cut emissions and tackle chronic oversupply in the world’s biggest market.

The government will reduce facilities for universal steel products such as rebar and shaped steel, where oversupply has intensified, and pursue large-scale investments in future sectors like special ...