What is the difference between gross tone and net tone? This is a common question all over the world, not just scrap. It is difficult to keep track of the wide variety of measurement types depending on location in the world, industry and material type.
Luckily, as a leader in the scrap metal industry, the iScrap App team has had you answer this common question when it comes to scrap metal weights.
What is gross tonnage?
One Gross Ton = 2,240 pounds.
What is net tone?
One Net Ton = 2,000 pounds.
What Weights Are Used in Scrap?
The symbol “GT”, which stands for Gross Ton, is often used in the scrap world. Gross tons are the standard for steel and commodity weights for pricing.
An easy example to help you determine your pricing per ton or pound would be to do some simple math, and here’s an example:
If a yard pays you $0.05 per pound for 2,000 pounds (Net Tons) = $100.
But $0.05 per lb (Gross Tons) = $112.00 for 2,240 pounds.
Knowing how scrap yards express their weight and price means a lot when it comes to tickets. Ask your junkyard how much they pay you to know before you go. Metal scrap yard near me you can contact us for daily prices.
