The Tenenbaum bid of 39.02 cents a pound was well above the runner-up bid of 34.18 cents a pound submitted by Wabash Alloys, a Wabash, Ind., division of Connell Ltd., Partnership Wabash lowered its bid from the 35.1 cents a pound it had paid for fourth-quarter “hockey pucks,” the industry name for the briquetted borings.

Tenenbaum, which lost the material last time around to Wabash, apparently wanted to make sure it got it for early 1999. Tenenbaum operates Arkansas Aluminum Alloys, a secondary smelter in Hot Springs, Ark.

There were four other bidders vying for the first-quarter pucks, but a couple of the bids seemed halfhearted at just more than 27 cents a pound.

Tenenbaum also was aggressive in bidding successfully for 1.4 million pounds of mixed aluminum solids. Its tender offer of 40 68 cents a pound was the highest in a field of seven, the others ranging from 3826 cents to 29 cents a pound When Tenenbaum won the fourth-quarter solids, its bid was 37.31 cents a pound (AMM, Sept. 24).

Yaffe Iron & Metal Co Inc., Muskogee, Okla, was awarded three lots of aluminum scrap for the coming quarter. The largest was 250,000 pounds of contaminated solids, for which Yaffe offered 29 68 cents a pound, significantly above the 21 29-cent-a-pound bid by Aaron Ferer & Sons Co , Omaha, Neb.

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Titanium scrap values headed south in the new Boeing awards Some 350,000 pounds of mixed titanium uncrushed borings attracted a high bid of just 13 61 cents a pound vs 21,123 cents a pound three months earlier.