Shipyard ferrous scrap hits $344 per ton in military auction

Nov 18, 2009 | 05:51 AM | Paul Schaffer

Heavy steel scrap from Puget Sound Naval Shipyard was priced at an unusually high $344 per long ton in an auction of military scrap.

The winning bid of $279,000 is for material to be generated over a six-month period, with a monthly price adjustment pegged to prices published in AMM.....

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