Metal price indices fall back in July

Aug 14, 2012 | 03:42 PM | Corinna Petry

Tags  producer price index, steel, ferrous scrap, aluminum, copper, nonferrous scrap

CHICAGO — Pricing indices for most metals fell for the fourth straight month in July, with ferrous scrap recording one of the largest month-over-month declines at 9 percent.

"The bottom was tested and no one liked it, especially in the scrap industry. (July was) the lowest point of the year," a southern steel buyer said. ....

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