for metal scrap, ores and primary metal products all fell last
month with the exception of titanium, the latest Bureau of
Labor Statistics report shows.
The biggest producer
price index (PPI) decline was recorded by nonferrous metal ores
(down 7.2 percent from April), followed by iron and steel scrap
(down 6 percent), according to the not-seasonally-adjusted
figures. The PPI for copper and brass mill shapes slid 2.9
percent, aluminum scrap fell 2.4 percent, copper-based scrap
declined 1.8 percent, aluminum mill shapes slipped 1.4 percent
and steel mill products fell 1.3 percent.
Titanium mill shapes
were the sole exception, with a PPI that stayed flat compared
Most indices also fell
from May last year. The biggest decline was recorded by iron
and steel scrap at 17.9 percent, while aluminum mill shapes saw
the smallest drop at 3.6 percent.
The PPI for all
finished goods rose 0.5 percent in May (seasonally adjusted)
after falling 0.7 percent in April and 0.6 percent in March.
"Higher energy and food prices were the main drivers of this
increase, rising 1.3 and 0.6 percent, respectively," said
Gregory Daco, senior principal economist for Lexington,
Mass.-based IHS Global Insight Inc.