The Chinese low price of 62% Australian iron ore fines saw the largest increase this week on the weekly Construction MMI®, rising 2 percent.
The price of Chinese rebar fell 0.3 percent after rising 0.8 percent the week before. Following a steady week, prices for US shredded scrap closed flat. Chinese H-beam steel traded sideways last week.
Chinese aluminum bar remained unchanged for the week. European 1050 aluminum remained essentially flat from the previous week.
The weekly US Midwest, Rocky Mountain and Gulf coast bar fuel surcharges stayed essentially flat.
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.