Metal commodity prices slip for third straight month

Jul 13, 2012 | 04:50 PM | Corinna Petry

Tags  producer price index, PPI, steel, scrap, pricing, ArcelorMittal, labor talks

CHICAGO — Pricing indices for most commodity metals fell for the third straight month in June, with some off by double-digit percentages compared with the same month last year, according to the Bureau of Labor Statistics’ latest producer price index (PPI) report.

The PPI for steel mill products fell 1.3 percent from May and 3.2 percent from June 2011, while the PPI for iron and steel scrap tumbled 12.4 percent from May and 18.3 percent from a year ago.....

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