Via AG Metal Miner The Construction MMI (Monthly MetalMiner Index) traded sideways, rising by just 1.97%. The index was pulled in multiple directions month-over-month, resulting in a lack of major movements. For instance, bar fuel surcharges dropped, while steel rebar, h-beam steel, and sheet aluminum all went up.
This recent rise in steel prices has left the index facing bullish pressure. Most metal components of the construction index rose in price last month. Steel rebar, in particular, felt the impact of a slower-than-anticipated…Infrastructure Incentives Could Push Steel Prices Higher
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