Rising 2.5 percent to $0.52 per short ton, the weekly US Midwest bar fuel surcharge saw the largest increase on the weekly Construction MMI® this week. Last week, the weekly US Gulf Coast bar fuel surcharge increased by a slight 1.4 percent to $0.53 per mile. The weekly US Rocky Mountain bar fuel surcharge rose 0.4 percent over the past week to $0.52 per mile.
Chinese H-beam steel saw its price rise 1.5 percent over the past week to CNY 3,350 ($545.88) per metric ton. In the past week, US shredded scrap saw its price shift up 1.4 percent to $369.00 per short ton. At CNY 3,430 ($558.92) per metric ton, the price of Chinese rebar finished the week 1.2 percent higher. Closing at CNY 970.00 ($158.06) per dry metric ton, the Chinese low price of 62% Australian iron ore fines remained unchanged for the week.
At CNY 14,050 ($2,289) per metric ton, the price of Chinese aluminum bar did not change since the previous week. European 1050 aluminum remained essentially flat from the previous week at EUR 2,050 ($2,627) per metric ton.
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.