After drifting 2.7 percent, the weekly US Midwest bar fuel surcharge was the biggest mover on the weekly Construction MMI® this week.
The weekly US Rocky Mountain bar fuel surcharge closed last week after a 1.8 percent drop. Following a 1.6 percent drop, the weekly US Gulf Coast bar fuel surcharge finished the week down as well.
Following a 0.3 percent increase in the week prior, the price of Chinese rebar fell 1.4 percent last week. The Chinese low price of 62% Australian iron ore fines fell 0.9 percent after rising 0.9 percent the week before.
Prices for US shredded scrap remained constant. Chinese H-beam steel traded sideways last week.
Chinese aluminum bar remained essentially flat from the previous week. European 1050 aluminum prices held steady.
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.