Commodity ratio · live
Butter to Hot-Rolled Coil Steel Ratio
The butter to hot-rolled coil steel ratio is 3.637 — Butter at $4,350.00 per Metric Ton divided by Hot-Rolled Coil Steel at $1,196.04 per Metric Ton.
Prices as of Aug 24, 2026, 12:25 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Butter to Hot-Rolled Coil Steel ratio
1.000 T of butter = 3.637 T of hot-rolled coil steel
Inverse (HRC-STEEL/BUTTER): 0.2750 — one Metric Ton of hot-rolled coil steel buys that much butter.
Close to the middle of its 1 year range. (31th percentile of the last 1 year)
Butter
€4,350.00
per Metric Ton
Hot-Rolled Coil Steel
$1,196.04
per Metric Ton
Unit basis: EUR per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of hot-rolled coil steel per Metric Ton of butter. Prices as of Mon, 24 Aug 2026 12:25:39 GMT.
These two commodities are quoted in different currencies (EUR and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
4.660
median 4.417
1Y low
3.220
Jun 29, 2026
1Y high
8.929
Aug 24, 2025
Normal band
3.317–6.003
mean ± 1 std dev
Deviation from mean
-0.76σ
354 observations
Butter to Hot-Rolled Coil Steel ratio charts
Pick a range once — it applies to the BUTTER/HRC-STEEL ratio line, the OHLC candles and the Butter / Hot-Rolled Coil Steel price chart below.
BUTTER/HRC-STEEL ratio line
How many T of Hot-Rolled Coil Steel one T of Butter buys, over 1Y.
BUTTER/HRC-STEEL ratio candles
Open, high, low and close of the BUTTER/HRC-STEEL ratio for each period in the last 1Y.
Butter and Hot-Rolled Coil Steel prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the butter to hot-rolled coil steel ratio
Butter to Hot-Rolled Coil Steel ratio = Butter price per Metric Ton ÷ Hot-Rolled Coil Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of hot-rolled coil steel per Metric Ton of butter — rather than a plain count.
Worked example, live prices: $4,350.00 ÷ $1,196.04 = 3.637. The inverse is 0.2750.
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 | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the butter to hot-rolled coil steel ratio today?
The butter to hot-rolled coil steel ratio is 3.637 — Butter at $4,350.00 per Metric Ton divided by Hot-Rolled Coil Steel at $1,196.04 per Metric Ton, from live mid-market prices.
How do you calculate the butter to hot-rolled coil steel ratio?
Divide the butter price per Metric Ton by the hot-rolled coil 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 hot-rolled coil steel per Metric Ton of butter.
What is the inverse of the butter to hot-rolled coil steel ratio?
The inverse, hot-rolled coil steel to butter, is 0.2750 — how many Metric Tons of butter one Metric Ton of hot-rolled coil steel buys.