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Construction metals index reflects good news in US housing market

Posted on 08 January 2013

The monthly Construction MMI registered a value of 92 in December, an increase of 1.1 percent from 91 in November. The construction metals index saw a small lift this month due to slightly rising semi-finished aluminum prices, iron ore prices and Chinese rebar prices. However, not all elements of the index moved up, as Chinese H-beam prices and all US bar fuel surcharges declined from one month ago.
Overall, however, the Construction MMI appears to move fairly consistently with overall US Census Bureau construction data……………………………………….Full Article: Source


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