Metals pricing falls further but steel, scrap buck trend

Aug 15, 2013 | 12:19 PM | Corinna Petry

Tags  Producer Price Index, PPI, steel, copper, aluminum, scrap, crude oil, inflation Gregory Daco

CHICAGO — With the exception of steel mill products and iron and steel scrap, metals pricing fell again during July, according to the latest producer price index (PPI) report from the U.S. Bureau of Labor Statistics.

The PPI for steel mill products inched up 0.4 percent last month, not quite offsetting a 0.7-percent decline in June, while the iron and steel scrap index jumped 6.3 percent after falling 1.8 percent in the same comparison.....

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