I skipped the meeting, but the Memos showed that "Karl Townsend"
wrote on Thu, 4 Dec 2008 17:00:11
-0600 in rec.crafts.metalworking :

But, if not, why go through all the expense to dump scrap in the ocean,
when
these mega-tons of steel could be recycled? With much less expense and
chemical waste ito prep/cleaning, etc.?

There was a 60 minutes expose on this a couple years ago. The only place
that can do this for less than the cost of the ship is Bangladesh or east
Pakistan. No pollution laws and almost slave labor rates. I guess its just
too damned expensive to do it right.

Recycling is labor intensive. Period. End of discussion.

So, recycled material has that imbalance built in, unless it is
something which is very "expensive" to produce in the first place.
E.G., aluminum.
What's the going rate for steel? Even the high quality steel such
as in warships or railroad cars?
--
pyotr filipivich
We will drink no whiskey before its nine.
It's eight fifty eight. Close enough!