Via Metal Miner The Construction MMI (Monthly Metals Index) continued to hold sideways month-over-month, without significant bullish or bearish pressure on industrial metals. Overall, the index saw a slight 2.56% uptick in price action. However, it failed to break out of its 10-month-long sideways price range.
Weekly Midwest bar fuel surcharges dropped significantly, which pulled the index down. However, Chinese steel rebar witnessed a price increase, pulling the index up. Once again, there was significant pressure in both directions. Despite…Geopolitical Tensions and Rising Interest Rates Damping Metal Demand
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