June 24, 2019
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.
For more information on Scrap Price Bulletin’s pricing methodology visit the methodology
Fastmarkets SPB publishes more than 50 steel and iron scrap price grades and reports on 18 major North American ferrous scrap markets. Click here to visit the about our prices page or to find additional steel scrap terms, visit the glossary page.
Fastmarkets SPB is a weekly subscription service for steel and iron scrap prices.
Subscribers benefit from regional scrap prices for Birmingham, Boston, Buffalo, Chicago, Cincinnati, Cleveland, Detroit, Hamilton, ON, Houston, Los Angeles, New York, Philadelphia, Pittsburgh, San Francisco, Seattle-Portland, South Carolina, St. Louis, and Youngstown assessed every week. To see a sample price sheet, download a sample issue below or take out a free trial to experience scrappricebulletin.com.