Brass discards take big hit in auction of military scrap

Oct 24, 2008 | 04:36 AM | Paul Schaffer

Brass scrap values lost further ground this week in an auction of military discards, drawing 94 cents a pound for material sold from a repair shop at Hill Air Force Base near Ogden, Utah.

The values have been on a steady decline, with the current level down about 58 percent from $2.24 a pound on June 17 and off 70.6 percent from $3.20 a pound on April 15. These values include a 10-percent surcharge that winning bidders must pay.....

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