Construction Firms Brace for Increased Costs ...Middle East

OILPRICE - Economy
Construction Firms Brace for Increased Costs
source : OILPRICE ( Middle East ) () 62
Via Metal Miner The Construction MMI (Monthly Metals Index) broke out of its over 6-month-long sideways trend to pivot down 5.41%. This new movement outside of its sideways range could indicate more volatility in the short term than the index experienced in the past 12 months. The new Trump tariffs on China caused some volatility in the price of construction materials, including H-beam steel and steel rebar. If the U.S. and China fail to negotiate these new policies, the index will likely remain unpredictable for the short term.. The U.S. construction…

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