Titanium scrap tags slide 12.3% in auction

Oct 27, 2011 | 04:35 PM | Frank Haflich

Tags  titanium scrap, 6/4 bulk weldables, Boeing auction, Monico Alloys, scrap prices, Frank Haflich

LOS ANGELES — A benchmark titanium scrap auction price has tumbled, reinforcing reports of a fall in the market.

Monico Alloys Inc., Compton, Calif., entered the high bid of $5.20 per pound for about 41,400 pounds of titanium 6 aluminum/4 vanadium bulk scrap auctioned by Boeing Co., according to market sources.

That’s down 12.3 percent from the last reported winning bid at a Boeing auction more than a month ago, which came in at $5.93 per pound for material generated at the aircraft maker’s Seattle-area facilities. That bid was also submitted by Monico.....

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