Chinese rebar improved by 3.4 percent on the weekly Construction MMI®.
In the past week, Chinese H-beam steel saw its price shift up 1.4 percent. The Chinese low price of 62% Australian iron ore fines remained steady from the previous week. Prices for Chinese aluminum bar remained constant.
A Quiet Week on the Western (Metals) Front
Last week finished with no movement for European 1050 aluminum sheet.
The price of US shredded scrap fell 1.9 percent – the fourth week in a row of declining prices.
The weekly US bar fuel surcharges in the Midwest, Rocky Mountain and Gulf Coast regions all kept flat for the week.
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.