Scrap metal prices keep going up


Search goes on: Despite weaker scrap metal prices, Smorgon said
in February it would continue to scout for opportunities in the scrap
market. “We still think it is the right strategy to be long in scrap in
our business,” chief executive Ray Horsburgh said at the time. “So we
will continue to look for bolt-on opportunities or any significant
scrap business that makes sense to us.”

The Australian Financial Review, 5/4/2006, p. 49

Source: Erisk Net  

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