Infrastructure Projects Provide Support Amid Falling Steel Prices ...Middle East

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Infrastructure Projects Provide Support Amid Falling Steel Prices
source : OILPRICE ( Middle East ) () 38
Via AG Metal MIner The Construction MMI (Monthly Metals Index) stayed within a tight range, but dropped more than in the previous three months. Overall, the index fell by 5.04% month-on-month. Meanwhile, steel prices continued to slide, which brought noticeable bearish pressure to the index. However, within the first couple weeks of June, H-beam steel and steel rebar prices began to rise again. While bar fuel surcharges managed to increase, they did not add any noticeable support to the index between May 1 – June…

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