Commodity Prices: Difference between revisions
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*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.] | *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 | *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= | ||