The weekly US Gulf Coast bar fuel surcharge saw a 1.0 percent decline, 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 after moving 1.0 percent. This past week, the weekly US Rocky Mountain bar fuel surcharge kept quiet.
The price of US shredded scrap declined 0.3 percent over the past week. The Chinese low price of 62% Australian iron ore fines traded sideways last week. Following a steady week, prices for Chinese H-beam steel closed flat. The price of Chinese rebar did not change since the previous week.
Chinese aluminum bar remained unchanged for the week. European 1050 aluminum remained essentially flat from the previous 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.