Rising 6.9 percent, the Chinese low price of 62% Australian iron ore fines saw the largest increase on the weekly Construction MMI® this week.

Chinese rebar gained a slight 0.8 percent this past week. The price of US shredded scrap fell 0.8 percent after rising 0.8 percent the week before. Chinese H-beam steel prices held steady from the previous week.

Chinese aluminum bar traded sideways last week, and prices for European 1050 aluminum remained constant.

The weekly US Rocky Mountain bar fuel surcharge saw a 2.6 percent drop this week. The weekly US Gulf Coast bar fuel surcharge fell 2.1 percent, and the weekly US Midwest bar fuel surcharge fell 1 percent 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.