Ferrous scrap value rises 18% in military auction

Nov 02, 2009 | 10:52 AM | Paul Schaffer

A six-month auction deal for ferrous scrap drew a winning bid of $580,500 for material from an Alabama military base, valuing the recyclables at $178.79 per long ton, up 18 percent from April.

The military auction was won by the same bidder on both occasions, based on the serial numbers in the auction records.....

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