Why Do Scrap Yards Use Gross Ton?
Understanding Gross Ton in Scrap Pricing The symbol "GT" stands for Gross Ton. Gross tons are the standard for pricing steel and commodity weights. An example to help determine pricing per ton or pound: If a yard pays $0.05 per pound for 2,000 pounds (Net Tons) = $100. But for 2,240 pounds (Gross Tons) = … Read more