How much is steel per pound?

Not Financial Advice: The 3rd quarter 2011 price for steel in the United States is $2,262 per gross ton, which is $1.13 per pound. This is up from $2,090 per gross ton or $1.04 per pound a year ago. Financial experts predict that steel may "trade sideways with negative bias" due to fallen demand in domestic markets. Support for the most recent NCDEX Steel contract is Rs.28700 and Resistance is Rs.29600.
Updated on Wednesday, February 01 2012 at 06:33PM EST