The weekly US Gulf Coast bar fuel surcharge saw a 1.0 percent decline, finishing at $0.54 per short ton and making it the week’s biggest mover on the weekly Construction MMI®. Since last week, the price of the weekly US Midwest bar fuel surcharge fell to $0.53 per mile after moving 1.0 percent. This past week, the weekly US Rocky Mountain bar fuel surcharge kept quiet, holding at at $0.55 per mile.
The price of US shredded scrap declined 0.3 percent over the past week, settling at $354.00 per short ton. The Chinese low price of 62% Australian iron ore fines traded sideways last week, hovering around CNY 970.00 ($158.48) per dry metric ton. Following a steady week, prices for Chinese H-beam steel closed flat at CNY 3,460 ($565.31) per metric ton. At CNY 3,480 ($568.58) per metric ton, the price of Chinese rebar did not change since the previous week.
Closing at CNY 14,200 ($2,320) per metric ton, Chinese aluminum bar remained unchanged for the week. European 1050 aluminum remained essentially flat from the previous week at EUR 2,147 ($2,859) 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.