Posted by Aaron Keller on February 19, 2011 
My understanding is that the price of scrap steel is jumping substantially. U.S. Steel mentioned rising raw materials costs as part of the reason its fourth quarter 2010 earnings were down. The AP reported Jan. 19th that steel prices had jumped "24 percent," but the two articles I could find do not mention the time frame. Presumably it's the 4th quarter, 2010. The McCloud Railroad is also on the block, according to a few postings on the Web. It just sold its steam locomotive to the Oregon Coast Scenic a few weeks ago. If assets such as these cars aren't in use, they might be worth more money in a blast furnace than sitting in storage.
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