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The last number we had a couple of weeks ago was between $200-300/ton for scrap rail. That's high enough that it's pushing the cost of privately/community financed rehab projects and industrial development projects right down the toilet. A year go it was about $100/ton, which made relay far more affordable. As I mentioned a while back in another thread, the inability to get affordable second hand rail is starting to choke the rail-served industrial development projects we are working on. Of course people are ripping it up right now. I would too. But it's a seller's market, so the stuff that comes up is going straight to the furnace. Sadly, some of that is good, usable rail. But nobody in their right mind is going to buy high and sell low, so it doesn't pay right now to pull it up and stick it in inventory.[banghead]
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