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Nov 27, 2018 · In some situations such as materials market reports carbon steel price may be reflected per-pound. For example, a CWT price of $40* is equal to $0.40 per pound. To complicate pricing more, units are often quoted in tons, with 1 ton equaling 2,000 pounds. So, for example:2,000 pounds = 1 ton = $40 CWT x [2,000 pounds / 100 pounds]