January 13, 2020
Logistics and transportation are vitally important when it comes to any successful steel mill or mini-mill business. Some mills depend heavily on the US railway system to transport their scrap metal. But when it comes time to lay new track material, old rail has got to go. In this scenario, the rails take on a different role—as profitable scrap yard material in their own right. This material is classified as rails 2 ft. and under, but can also be referred to in some circles as “Rail, Steel No. 2 Cropped Rail Ends.”
Rails 2 ft. and under scrap includes standard sections, with original weights of 50 pounds per yard and over, 2 feet long and under, as specified by the Institute of Scrap Recycling Industries.
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.