Metal price indices rebound in Dec.
Jan 16, 2013 | 09:29 AM
| Corinna Petry
Tags
Producer price index,
iron and steel scrap,
copper scrap,
aluminum scrap,
steel,
aluminum,
copper and brass mill shapes,
Chris Christopher
IHS Global Insight
CHICAGO — Most metals notched monthly producer price index (PPI) increases in December, regaining ground lost the previous month, but year-on-year comparisons were mixed, according to Bureau of Labor Statistics data.
The month’s biggest gainer was copper-based scrap, rising 5.3 percent to 609.2 (not seasonally adjusted), more than reversing a month-earlier decline of 3.5 percent (amm.com, Dec. 18), and up 0.9 percent from a year earlier. The copper and brass mill shapes index was put at 432.3, up 1.5 percent from November and 1 percent from December 2011.....
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