Scrap price indices inch higher in January

Feb 22, 2013 | 12:40 PM | Corinna Petry

Tags  Producer Price Index, steel, ferrous scrap, copper, aluminum, titanium, nonferrous scrap, Bureau of Labor Statistics IHS Global Insight

CHICAGO — Copper scrap pricing rose 1.8 percent in January following a 5.3-percent gain in December, according to the Bureau of Labor Statistics’ latest producer price index (PPI) report.

The copper scrap index was put at 620.3 last month, up from December’s figure of 609.2, not seasonally adjusted, while the PPI for copper and brass mill shapes inched up 0.6 percent to 434.7 after climbing 1.5 percent in December.....

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