Commodity Prices: Difference between revisions
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=About= | =About= | ||
<html><iframe width="560" height="315" src="https://www.youtube.com/embed/G-2lKEti4qc" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></html> | <html><iframe width="560" height="315" src="https://www.youtube.com/embed/G-2lKEti4qc" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></html> | ||
=Definitions= | |||
*Prime, excess, and secondary - [https://mainlinemetals.com/what-we-buy-sell/] | |||
*HRC - hot rolled coil, comes up to 0.5" thickness [https://www.argusmedia.com/en/methodology/key-prices/argus-us-hrc-steel-price#:~:text=Hot%2Drolled%20coil%20(HRC),many%20steel%2Dbased%20industrial%20products.] | |||
*ST - short ton, 2000 lb | |||
*Cold Rolled Steel - is obtained by cold working HRC coil. [https://www.cargohandbook.com/Steel_sheet_in_coils] | |||
=Steel= | =Steel= | ||
*$600/ton on the commodity market [https://tradingeconomics.com/commodity/steel] | *HRC is $600/ton on the commodity market [https://tradingeconomics.com/commodity/steel] | ||
*Finished steel is $1/lb at end of 2022 - [https://www.angi.com/articles/how-much-does-steel-i-beam-cost.htm] | |||
=Examples= | =Examples= | ||