CNAM may have some metal sales other than just scrap iron in the tons of scrap sold mentioned in your posts...
Hard to think China scrappers would be paying more than US for products coming in locally...
Paying 100 to 150 per ton for scrap iron and turning for 30% or more mark up might be more believable for their local buys for their plant...
Copper, aluminum, brass, and so forth along with scrap iron may be making up the tonnage numbers and sales numbers being put out by the company...
Otherwise the numbers would be hard to consider as accurate on tonnage sales to me...But maybe only to me..LJ
Gee Beav, rithmatic isn't usually this hard to read!