Midwest scrap metals trader calls its quits

Nov 24, 2008 | 01:15 PM | Michael Marley

Metrade LLC, a Midwest copper and stainless steel scrap trader, is calling it quits and shutting down operations.

The company, based in Chesterfield, a small Missouri town west of St. Louis, has sent a letter to its suppliers saying it has been forced to close because of the loss of a key customer and the unwillingness of its secured lender to provide additional funds. The company didn't disclose the names....

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