Last Tuesday the Bureau of Labor Statistics (BLS) released its series of producer price indexes (PPI), for more than 10,000 goods and materials. For an explanation of this program see the end of this piece. The latest release reported results through February. We run this analysis every three or four months to provide information for subscribers of any changes in the competitive position of steel against other materials and rail vs. truck transportation. The PPI data are helpful in monitoring the price direction of steel and steel products against competing materials and products.
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