At that price, the entire quantity is valued at $11.9 million.
The scrap iron on offer is divided into 12 batches. Investors can file bids for by July 2 the first four batches and by July 3 for the remaining quantity.
Automotive
CFR To Auction 35,523 Tons Of Scrap Iron
Romanian railway company CFR plans to sell 35,523 tons of scrap iron on the commodities exchange next month at a starting price of $335 a ton, the company said Wednesday.