This followed another Boeing
auction that closed earlier this month in which sources said
Caledonian Alloys Inc., a Huntington, W.Va., unit of Precision
Castparts Corp. (PCC), was the high bidder on about 41,500
pounds of bulk 6/4 scrap at $5.87 per pound, edging out Mega
Metals, which bid $5.86 per pound, and Monico Alloys, which
offered $5.72 per pound.
The latest Boeing auction kept
bulk weldables in a general band just above and below $6 per
pound, where it’s been for most of the year.
"Our business has been steady
and we haven’t seen much of a summertime
slowdown," a dealer said.