The week’s biggest mover on the weekly Construction MMI® was the price of Chinese rebar, which saw a 2.4 percent increase. This week marked the third in a row of rising prices for the metal.
However, that was the only mover on MetalMiner’s weekly price index for metals used in the construction industry.
Following a steady week, prices for the Chinese low price of 62% Australian iron ore fines closed flat. US shredded scrap prices held steady from the previous week as well. Chinese H-beam steel remained essentially flat from the previous week.
Prices for Chinese aluminum bar remained constant. The price of European 1050 aluminum did not change since the previous week.
The weekly US Midwest, Rocky Mountain and Gulf Coast bar fuel surcharges remained unchanged for the week.
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.