Calculate steel cost per ton from total cost, weight, and rate, or estimate weight and cost by shape and dimensions for plates, bars, and pipe.
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Steel Cost Per Ton Formula
The following equation is used to calculate the Steel Cost Per Ton.
- Where SCPT is the steel cost per short ton ($ per 2,000 lb)
- SC is the steel cost ($)
- W is the steel weight (lbs)
To calculate cost per short ton, divide total steel cost by weight in pounds divided by 2,000. A metric tonne is 1,000 kg and a long ton is 2,240 lb; select the matching rate denominator. Choose whether to calculate rate, total cost or weight. By Dimensions estimates mass from nominal geometry, density and whole-piece quantity.
What is the Average Steel Cost Per Ton?
There is no single current steel price supplied by this calculator. For illustration, $1,400 for 4,000 lb equals $700 per short ton; use an actual dated supplier quote for your product and location.
Steel costs depend on the type of steel and where it is being bought. The price of steel fluctuates based on demand. The cost of steel also depends on the quality of the product, as different types of steel are stronger than others.
Compare quotes for the same grade, dimensions, quantity, delivery terms and ton definition. Dimensional weights are estimates: density, coating, tolerances and waste can affect actual mass and cost.
Galvanized and stainless steel are different products; their relative prices depend on the quote. Aluminum is a different metal. Nominal density choices are approximate assumptions, not universal values for a steel family; use the specified density for your grade when available.
