Commodity ratio · live
Coal to Steel Ratio
The coal to steel ratio is 0.04289 — Coal at $131.50 per Metric Ton divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:26 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Coal to Steel ratio
1.000 T of coal = 0.04289 T of steel
Inverse (STEEL/COAL): 23.32 — one Metric Ton of steel buys that much coal.
Above its 1 year average. (75th percentile of the last 1 year)
Coal
$131.50
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 coal. Prices as of Mon, 24 Aug 2026 11:26:53 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
0.03932
median 0.03822
1Y low
0.03236
Sep 14, 2025
1Y high
0.04858
Jun 11, 2026
Normal band
0.03494–0.04371
mean ± 1 std dev
Deviation from mean
+0.81σ
317 observations
Coal to Steel ratio charts
Pick a range once — it applies to the COAL/STEEL ratio line, the OHLC candles and the Coal / Steel price chart below.
COAL/STEEL ratio line
How many T of Steel one T of Coal buys, over 1Y.
COAL/STEEL ratio candles
Open, high, low and close of the COAL/STEEL ratio for each period in the last 1Y.
Coal 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 coal to steel ratio
Coal to Steel ratio = Coal 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 coal — rather than a plain count.
Worked example, live prices: $131.50 ÷ $3,066.00 = 0.04289. The inverse is 23.32.
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 coal to steel ratio today?
The coal to steel ratio is 0.04289 — Coal at $131.50 per Metric Ton divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the coal to steel ratio?
Divide the coal 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 coal.
What is the inverse of the coal to steel ratio?
The inverse, steel to coal, is 23.32 — how many Metric Tons of coal one Metric Ton of steel buys.