Uncertainty About Chinese Production Weighs On Construction Metals

By Jennifer Kary via AG Metal Miner The November Construction MMI (Monthly MetalMiner Index) dropped by 4.16%. The trend over the past 3-4 months reflects a more sideways market than a bullish one. However, October to November proved a particularly volatile month for the construction index. Meanwhile, fluctuating steel prices have put all eyes on China.

The market remains plagued with widespread uncertainty, especially for companies that source construction materials from China and Europe. Chinese President Xi appears reluctant to call off zero-COVID…