Via Metal Miner The Construction MMI (Monthly Metals Index) finally broke free of its year-long sideways trend, but only slightly. All in all, price action moved down by 3.52%, adding to questions about the state of US manufacturing. Iron ore, h-beam, and steel rebar prices dropping were the main components driving the index down. In general, numerous factors continue to pull at the construction index. Most anticipate that the construction index will experience more bearish action for the remainder of 2024 due to fewer construction projects, high…
