08.01.2013 - Construction metals index reflects good news in US housing market
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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