Rail has a ticket to ride, but not until 2010 … or later

摘要

The American Recovery and Reinvestment Act (ARRA) has had little impact on domestic rail producers and any uptick in orders might not be felt for as much as 18 months, or at least until the first and second quarters of next year, as most of the allocated funds have yet to be spent. The size of the market isn't substantial, with the domestic industry—ArcelorMittal USA Inc.'s Steelton, Pa., facility, Evraz Inc. NA's Rocky Mountain Steel operation and Steel Dynamics Inc.'s Structural and Rail division in Columbia City, Ind.—shipping 941,000 tons of standard rail in 2008 and 457,825 tons in the first half of this year, according to American Iron and Steel Institute data.