The price of Chinese rebar fell 0.6 percent after rising 2.9 percent the week before.
Following a 0.3 percent increase, US shredded scrap finished the week higher. The Chinese low price of 62% Australian iron ore fines traded sideways last week. Chinese H-beam steel prices held steady from the previous week.
Following a steady week, prices for Chinese aluminum bar closed flat. European 1050 aluminum 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.