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Bitumen to Steel Ratio
The bitumen to steel ratio is 1.482 — Bitumen at $4,544.00 per Metric Ton divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:26 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Bitumen to Steel ratio
1.000 T of bitumen = 1.482 T of steel
Inverse (STEEL/BIT): 0.6747 — one Metric Ton of steel buys that much bitumen.
Near the top of its 1 year range — historically stretched. (99th percentile of the last 1 year)
Bitumen
¥4,544.00
per Metric Ton
Steel
¥3,066.00
per Metric Ton
Unit basis: CNY per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Metric Ton of bitumen. Prices as of Mon, 24 Aug 2026 10:26:04 GMT.
1Y average
1.196
median 1.142
1Y low
0.9279
Dec 2, 2025
1Y high
1.507
Mar 18, 2026
Normal band
1.030–1.362
mean ± 1 std dev
Deviation from mean
+1.73σ
312 observations
Bitumen to Steel ratio charts
Pick a range once — it applies to the BIT/STEEL ratio line, the OHLC candles and the Bitumen / Steel price chart below.
BIT/STEEL ratio line
How many T of Steel one T of Bitumen buys, over 1Y.
BIT/STEEL ratio candles
Open, high, low and close of the BIT/STEEL ratio for each period in the last 1Y.
Bitumen 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 bitumen to steel ratio
Bitumen to Steel ratio = Bitumen price per Metric Ton ÷ Steel price per Metric Ton
Both legs share the same unit, so the result is a plain unitless number, directly comparable across time.
Worked example, live prices: $4,544.00 ÷ $3,066.00 = 1.482. The inverse is 0.6747.
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 | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the bitumen to steel ratio today?
The bitumen to steel ratio is 1.482 — Bitumen at $4,544.00 per Metric Ton divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the bitumen to steel ratio?
Divide the bitumen 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 bitumen.
What is the inverse of the bitumen to steel ratio?
The inverse, steel to bitumen, is 0.6747 — how many Metric Tons of bitumen one Metric Ton of steel buys.