Copper scrap PPI up 3d month in row
Mar 18, 2013 | 02:52 PM
| Corinna Petry
Tags
Steel,
copper,
aluminum,
scrap,
producer price index,
inflation,
Nigel Gault,
IHS Global Insight
CHICAGO — The price index for copper-based scrap logged a third consecutive monthly gain in February, according to data from the U.S. Bureau of Labor Statistics, while those for ferrous scrap and aluminum scrap lost ground.
The Producer Price Index (PPI) for copper-based scrap stood at 629.5 in February, not seasonally adjusted, up 1.5 percent month on month and 3.3 percent higher than December. The PPI for copper and brass mill shapes, at 437.7, improved 0.7 percent from January.
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