It was about a year and a half ago that signs started to point toward escalating prices and diminishing availability of ferrous raw melting materials. Dan Torzewski, senior corporate buyer for Indianapolis Casting Corp., Indianapolis, remembers seeing those signs but admits lie remained skeptical. "We saw that in early 2003 the signs were pointing to today's situation (raw material prices reaching 250-300 dollars/ton)," he said. -But nobody believed it would get that high. We saw that it might go over 200 dollars a ton, and we thought if it did, we would be in trouble. Now we are approaching 300 dollars a ton-and that is big time trouble."
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