Economy
January 17, 2019
PPI Data Shows Steel Losing Ground to Other Materials
Written by Peter Wright
Steel became less competitive in 2018 against aluminum, plastic and wood, according to Steel Market Update’s analysis of Bureau of Labor Statistics Producer Price Index data. The cost of carbon cold rolled sheet was up more than twice as much as aluminum sheet, and steel pipe was up by nine times as much as plastic pipe. The price increase of metal prefabricated buildings was almost three times as much as for the competing wood product.
