Commodity ratio · live
Butter to Steel Ratio
The butter to steel ratio is 1.419 — Butter at $4,350.00 per Metric Ton divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:30 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Butter to Steel ratio
1.000 T of butter = 1.419 T of steel
Inverse (STEEL/BUTTER): 0.7048 — one Metric Ton of steel buys that much butter.
Close to the middle of its 1 year range. (58th percentile of the last 1 year)
Butter
€4,350.00
per Metric Ton
Steel
¥3,066.00
per Metric Ton
Unit basis: EUR per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Metric Ton of butter. Prices as of Mon, 24 Aug 2026 11:30:20 GMT.
These two commodities are quoted in different currencies (EUR and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
1.472
median 1.363
1Y low
1.211
May 11, 2026
1Y high
2.251
Aug 24, 2025
Normal band
1.240–1.703
mean ± 1 std dev
Deviation from mean
-0.23σ
317 observations
Butter to Steel ratio charts
Pick a range once — it applies to the BUTTER/STEEL ratio line, the OHLC candles and the Butter / Steel price chart below.
BUTTER/STEEL ratio line
How many T of Steel one T of Butter buys, over 1Y.
BUTTER/STEEL ratio candles
Open, high, low and close of the BUTTER/STEEL ratio for each period in the last 1Y.
Butter 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 butter to steel ratio
Butter to Steel ratio = Butter 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 butter — rather than a plain count.
Worked example, live prices: $4,350.00 ÷ $3,066.00 = 1.419. The inverse is 0.7048.
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 butter to steel ratio today?
The butter to steel ratio is 1.419 — Butter at $4,350.00 per Metric Ton divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the butter to steel ratio?
Divide the butter 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 butter.
What is the inverse of the butter to steel ratio?
The inverse, steel to butter, is 0.7048 — how many Metric Tons of butter one Metric Ton of steel buys.