Global Manufacturing Resurgence Set to Reshape Steel Market ...Middle East

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Global Manufacturing Resurgence Set to Reshape Steel Market
Via Metal Miner Month-over-month, the index experienced little movement. Overall, the Construction MMI (Monthly Metals Index) moved sideways, inching down just 1.2%. Steel prices moving downward placed some bearish pressure on the index. However, several significant factors continue to press on construction from both a bearish and bullish standpoint, including the Fed holding off on adjusting interest rates, weak domestic demand within China, and the strengthening manufacturing industry. With all of these factors in play, the index will likely…

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