June 24, 2019
Railroad scrap is typically split into two different categories: other track material and rail. Other track material, also known as OTM, refers to all spikes, track bolts and nuts, lock washers, rail anchors, tie plates, rail joints, angles, and/or splice bars and all steel coil springs. The definition for OTM is specified by the Institute of Scrap Recycling Industries.
Other track material is of particular importance to government contractors whose role is to remove and scrap designated old or unsafe railways. The rail road scrap material is then sold to scrap yards or steel mills where it will eventually be recycled into new metal.
Scrap Price Bulletin provides delivered to consumer pricing for other track material in the Philadelphia
area market. For more information on Scrap Price Bulletin’s pricing methodology, visit the methodology page.
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.
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