Mixed ferrous fetches $185/T in military auction
Oct 24, 2007 | 03:32 PM
| Paul Schaffer
A buyer offering nearly $1.13 million to the U.S. Defense Department won the rights to mixed ferrous scrap to be generated in Alabama over the next year, an implicit value of $185.13 a long ton.
The buyer will pick up the material, which will includes vehicle parts, office equipment, turnings and refrigeration units, from four locations, including Anniston and Montgomery. The per-ton value includes a 10-percent premium levied on buyers by Government Liquidation LLC, Scottsdale, Ariz., a Defense Department contractor that runs the online auction platform.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here