Commodity ratio · live
Aluminium Futures to Steel Ratio
The aluminium futures to steel ratio is 1.056 — Aluminium Futures at $3,238.25 per Metric Ton divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:35 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Aluminium Futures to Steel ratio
1.000 T of aluminium futures = 1.056 T of steel
Inverse (STEEL/AL-FUT): 0.9468 — one Metric Ton of steel buys that much aluminium futures.
Close to the middle of its 1 year range. (64th percentile of the last 1 year)
Aluminium Futures
$3,238.25
per Metric Ton
Steel
¥3,066.00
per Metric Ton
Unit basis: USD per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Metric Ton of aluminium futures. Prices as of Mon, 24 Aug 2026 11:35:23 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
1.020
median 1.020
1Y low
0.8256
Aug 24, 2025
1Y high
1.186
Apr 13, 2026
Normal band
0.9351–1.105
mean ± 1 std dev
Deviation from mean
+0.43σ
306 observations
Aluminium Futures to Steel ratio charts
Pick a range once — it applies to the AL-FUT/STEEL ratio line, the OHLC candles and the Aluminium Futures / Steel price chart below.
AL-FUT/STEEL ratio line
How many T of Steel one T of Aluminium Futures buys, over 1Y.
AL-FUT/STEEL ratio candles
Open, high, low and close of the AL-FUT/STEEL ratio for each period in the last 1Y.
Aluminium Futures and Steel prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the aluminium futures to steel ratio
Aluminium Futures to Steel ratio = Aluminium Futures price per Metric Ton ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Metric Ton of aluminium futures — rather than a plain count.
Worked example, live prices: $3,238.25 ÷ $3,066.00 = 1.056. The inverse is 0.9468.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the aluminium futures to steel ratio today?
The aluminium futures to steel ratio is 1.056 — Aluminium Futures at $3,238.25 per Metric Ton divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the aluminium futures to steel ratio?
Divide the aluminium futures price per Metric Ton by the steel price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of steel per Metric Ton of aluminium futures.
What is the inverse of the aluminium futures to steel ratio?
The inverse, steel to aluminium futures, is 0.9468 — how many Metric Tons of aluminium futures one Metric Ton of steel buys.