Ferrous scrap bucks weak pricing trend

Jan 22, 2014 | 12:07 PM | Corinna Petry

Tags  iron and steel scrap, steel mill products, copper scrap, copper and brass, aluminum, producer price index, PPI, Michael Montgomery IHS Global Insight

CHICAGO — Iron and steel scrap went against the trend of weak metal pricing in December, according to the latest producer price index (PPI) report from the U.S. Bureau of Labor Statistics.

The PPI for iron and steel scrap jumped to 575.5 in December, up 5.9 percent from the previous month and 8.2 percent higher than in December 2012. Last month’s index for steel mill products rose just 0.3 percent from November to 196.4 but was down 1 percent from a year earlier.....

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