The week’s biggest mover on the weekly Construction MMI® was the weekly US Rocky Mountain bar fuel surcharge, which saw a 1.7 percent increase. Closing out the third week of rising prices, the weekly US Midwest bar fuel surcharge increased by 1.1 percent. The weekly US Gulf Coast bar fuel surcharge rose 0.9 percent after falling 0.2 percent during the previous week.
Chinese rebar prices were off slightly, down from a week ago. After a 0.5 percent decline, US shredded scrap closed out the week. The Chinese low price of 62% Australian iron ore fines traded sideways last week. The price of Chinese H-beam steel did not change since the previous week.
The week finished with no movement for Chinese aluminum bar. 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.