Construction MMI®: Chinese Iron Ore Price Drops, Fuel Surcharges Up

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The biggest mover on the weekly Construction MMI® was the Chinese low price of 62% Australian iron ore fines, which saw a 1.8 percent decline.

Chinese rebar prices were off slightly, down nearly $5 per metric ton from a week ago. US shredded scrap rose by a slight 0.3 percent. Following a steady week, prices for Chinese H-beam steel closed flat.

Chinese aluminum bar traded sideways last week. European 1050 aluminum remained essentially flat from the previous week as well.

The weekly US Rocky Mountain bar fuel surcharge rose 0.7 percent after falling 1.1 percent during the previous week. The weekly US Gulf Coast bar fuel surcharge rose 0.4 percent after falling 1.4 percent during the previous week. The weekly US Midwest bar fuel surcharge rose 0.3 percent after falling 0.5 percent during the previous week.

today's metal prices - MetalMiner IndXThe 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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