June 21, 2022
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 includes 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 specified by the Institute of Scrap Recycling Industries.
Scrap Price Bulletin offers coverage of scrap rails, random length pricing from the Chicago
market. Published pricing is designated as a delivered to dealers’ yard price.
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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