US Shredded Scrap Sees Gain On Weekly Construction MMI®
US shredded scrap improved by 0.3 percent, on the weekly Construction MMI®. The Chinese low price of 62% Australian iron ore fines traded sideways last week. Prices for Chinese H-beam steel remained constant. The week finished with no movement for Chinese rebar.
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Chinese aluminum bar prices held steady from the previous week. European 1050 aluminum remained essentially flat from the previous week.
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The weekly US Midwest bar fuel surcharge closed after a flat week. Following a steady week, prices for the weekly US Rocky Mountain bar fuel surcharge closed flat. The weekly US Gulf Coast bar fuel surcharge remained essentially flat.
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.