Rust – and value – of titanic proportions

With scrap metal prices soaring, shipbreakers are paying big bucks for vessels they were once paid to dispose of

By Christopher Sherman / The Bulletin
May 12, 2008

BROWNSVILLE, Texas —

The air tastes like pennies at this gritty port at the southern tip of Texas, where ships’ final voyages end and steel is reborn.

Recycling here is big business, on a scale that counts in thousands of tons, not pounds. It’s where torch-wielding....

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