A 0.8 percent improvement on the weekly Construction MMI® made Chinese H-beam steel the week’s biggest mover.
The Chinese low price of 62% Australian iron ore fines closed last week after a 0.5 percent drop. In the past week, US shredded scrap saw its price shift up 0.3 percent. The price of Chinese rebar did not change since the previous week.
Chinese aluminum bar remained unchanged for the week. Prices for European 1050 aluminum remained constant as well.
The weekly US Midwest, Rocky Mountain, and Gulf Coast bar fuel surcharges traded sideways last 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.