A 2.4 percent increase made the weekly US Rocky Mountain bar fuel surcharge the biggest mover on the weekly Construction MMI®.
The weekly US Gulf Coast bar fuel surcharge rose 0.8 percent, while the weekly US Midwest bar fuel surcharge rose 0.5 percent over the past week. This was the third week in a row of increasing prices.
The Chinese low price of 62% Australian iron ore fines rose 1.4 percent per dry metric ton after falling 1.8 percent during the previous week. US shredded scrap prices held steady from the previous week. Chinese H-beam steel remained essentially flat. Prices for Chinese rebar remained constant, closing the week below $600 per metric ton.
Following a steady week, prices for Chinese aluminum bar closed flat. The week finished with no movement for European 1050 aluminum.
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.