July 6, 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 sometimes classified as rails of random length, or “Rail, Steel No. 3.”
Rails of random length scrap include railroad rails of various lengths, weights and configurations. Rails can include all chemistry grades (carbon or alloy), and may have joint bars, bolts and rail anchors attached. It may also contain standard section tee, girders, and/or guard rails, free from frog and switch rails not cut apart, and contain no manganese, cast, welds, or attachments of any kind except angle bars. Free from concrete, dirt, and foreign material of any kind. This definition is as specified by the Institute of Scrap Recycling Industries.
Scrap Price Bulletin offers coverage of brokers’ buying prices for random length rail scrap in several markets across North America including Birmingham
. Consumer buying prices for this material are offered in Pittsburgh
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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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.