Maine scrap exec opens wallet for victims of Hurricane Katrina

Sep 06, 2005 | 09:47 AM | Michael Marley

A scrap executive from Maine has not forgotten the roots he forged along the Gulf Coast in his youth and is digging into his own pocket to help those who have suffered from the ravages of Hurricane Katrina.

Peter McAvoy, president of Industrial Metal Recycling, Oakland, Maine, said Tuesday that his company has donated $50,000 to the American Red Cross Emergency Relief Fund, and is paying a 10-percent premium to all its scrap suppliers who bring metal to the company's yard in Oakland if they agree to donate those funds to support the Red Cross' work.....





Latest Pricing Trends

Poll

Do you think steel mills will succeed in their efforts to stop selling at a discount to the CRU index?

Yes
No
It’s too early to tell


View previous results

AMM Events


Quote

This whole thing is becoming a game of smoke.

Midwest service center