Commodity ratio · live
Crude Oil Brent Futures to Steel Ratio
The crude oil brent futures to steel ratio is 0.03024 — Crude Oil Brent Futures at $92.72 per Barrel divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:38 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Crude Oil Brent Futures to Steel ratio
1.000 Bbl of crude oil brent futures = 0.03024 T of steel
Inverse (STEEL/BRENTOIL-FUT): 33.07 — one Metric Ton of steel buys that much crude oil brent futures.
Above its 1 year average. (71th percentile of the last 1 year)
Crude Oil Brent Futures
$92.72
per Barrel
Steel
¥3,066.00
per Metric Ton
Unit basis: USD per Barrel ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Barrel of crude oil brent futures. Prices as of Mon, 24 Aug 2026 10:38:36 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
0.02542
median 0.02226
1Y low
0.01887
Jan 7, 2026
1Y high
0.03739
Mar 29, 2026
Normal band
0.02004–0.03080
mean ± 1 std dev
Deviation from mean
+0.90σ
270 observations
Crude Oil Brent Futures to Steel ratio charts
Pick a range once — it applies to the BRENTOIL-FUT/STEEL ratio line, the OHLC candles and the Crude Oil Brent Futures / Steel price chart below.
BRENTOIL-FUT/STEEL ratio line
How many T of Steel one Bbl of Crude Oil Brent Futures buys, over 1Y.
BRENTOIL-FUT/STEEL ratio candles
Open, high, low and close of the BRENTOIL-FUT/STEEL ratio for each period in the last 1Y.
Crude Oil Brent 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 crude oil brent futures to steel ratio
Crude Oil Brent Futures to Steel ratio = Crude Oil Brent Futures price per Barrel ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Barrel of crude oil brent futures — rather than a plain count.
Worked example, live prices: $92.72 ÷ $3,066.00 = 0.03024. The inverse is 33.07.
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 crude oil brent futures to steel ratio today?
The crude oil brent futures to steel ratio is 0.03024 — Crude Oil Brent Futures at $92.72 per Barrel divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the crude oil brent futures to steel ratio?
Divide the crude oil brent futures price per Barrel 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 Barrel of crude oil brent futures.
What is the inverse of the crude oil brent futures to steel ratio?
The inverse, steel to crude oil brent futures, is 33.07 — how many Barrels of crude oil brent futures one Metric Ton of steel buys.