January 8, 2018
No. 1 railroad heavy melting is a cut grade of scrap comprised of obsolete scrap and should be clean wrought iron or steel scrap, 1/4 inch and over in thickness, not over 18 inches in width, and not over 5 feet in length. This grade of scrap may include pipe ends and material 1/8 inch to 1/4 inch in thickness, not over 15 inches x 15 inches. Individual pieces cut so as to lie reasonably flat in charging box. This definition is specified by the Institute of Scrap Recycling Industries and listed in their annual scrap specifications circular.
Depending on the market, Scrap Price Bulletin either assesses the material prices as a broker buying price or a price delivered to consumer.
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