The biggest mover on the weekly Construction MMI® was the Chinese low price of 62% Australian iron ore fines, which saw a 0.9 percent increase. This comes on the heels of a 4.9 percent decline the week prior.
The price of Chinese rebar rose 0.3 percent after falling 1.1 percent during the previous week. The week finished with no movement for US shredded scrap. Following a steady week, prices for Chinese H-beam steel closed flat.
Chinese aluminum bar remained essentially flat from the previous week. European 1050 aluminum traded sideways last week.
US fuel surcharge changes are not being reported this week – check back in next week, or see how easily you can subscribe to the MetalMiner IndX℠.
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.