MetalMiner's Weekly Construction Index: US Midwest Bar Fuel Surcharge Falls
More than a month of falling prices continued when the week’s biggest mover closed with a US Midwest bar fuel surcharge decline of 2.2 percent. The weekly US Rocky Mountain bar fuel surcharge fell two percent over the past week. This was the third week in a row of declining prices. The weekly US Gulf Coast bar fuel surcharge fell two percent over the past week. This was the third week in a row of declining prices.
The Chinese low price of 62% Australian iron ore fines fell 1.4 percent after rising 5.4 percent the week before. Following a 0.2 percent increase in the week prior, the price of Chinese rebar fell 0.2 percent last week. US shredded scrap traded sideways last week. At over $600 per metric ton, the price of Chinese H-beam steel did not change since the previous week.
Chinese aluminum bar remained essentially flat from the previous week. Prices for European 1050 aluminum remained constant as well.
The Construction MMI® collects and weights 9 metal price points used within the construction industry to provide a unique view into construction industry price trends. For more information on the Construction MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.
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