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Casey Montoya - Scrap metal

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  • Date: Tue, 16 Sep 2008 14:32:31 +0300
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Casey Montoya - Scrap metal recovered from the wreckage of the New
Carissa could total about 1,700 tons - or about 600 tons more than
salvage crews were expecting.

The wood chip freighter ran aground in February 1999 and broke apart,
leaving about half stuck in the sand on a beach near Coos Bay.

Florida-based Titan Salvage is cleaning up the last of the wreckage
and will sell the scrap metal to help recover some of the cost.

But scrap metal prices have fallen from about $325 per ton at the
start of the job to about $160 per ton.

Even with the decline, salvage managers say the rusting steel could
net more than $330,000.