Shipyard ferrous scrap hits $344/T in military auction

By Paul SchafferPublished: Nov 19 2009 1:44PM

Heavy steel scrap from Puget Sound Naval Shipyard was priced at an unusually high $344 per long ton in an auction of military scrap.

The winning bid of $279,000 is for material to be generated over a six-month period, with a monthly price adjustment pegged to prices...

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