What is the difference between steel weighing price and theoretical price

In the steel industry, there are a variety of pricing methods, such as weighing price, theoretical price, tax included price, arrival price, etc. Each pricing method corresponds to different service content.

Weighing price is the price that both parties accept and settle accounts through weighing when buying and selling steel, also known as weighing price.

Theoretical price: The acceptance settlement price between the two sides of the transaction, by theoretical calculation of steel weight according to the volume and density of steel. It is also known as the gauge price.

The difference between weighing price and theoretical price is that in the course of theoretical price, the theoretical weight is calculated according to the national standard of various steel materials and specifications, but the steel produced by various steel plants will have deviation, which is often negative (smaller than the national standard), which leads to the fact that the theoretical weight is larger than the actual weighing weight. Therefore, the theoretical price is often lower than the weighing price.