As all of our scrap steel eventually makes it’s way over to one of the various steel mills in the area, it’s easiest for us to handle all transactions in Gross Tons. It is an industry standard for all bulk steel weights be measured in Gross Tons, including all inbound purchases made by steel mills. Purchasing steel and establishing our pricing by the Net Ton, and then turning around and selling our materials by the Gross Ton would essentially create a clerical nightmare! It is the standard practice in our industry, and while it might take a bit getting used to after learning in school books a ton is 2,000 LB – it is a necessary aspect of our business.
