Commodity ratio · live
Cobalt to Steel Ratio
The cobalt to steel ratio is 18.36 — Cobalt at $56,290.00 per Metric Ton divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 12:14 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cobalt to Steel ratio
1.000 T of cobalt = 18.359 T of steel
Inverse (STEEL/COB): 0.05447 — one Metric Ton of steel buys that much cobalt.
Above its 1 year average. (82th percentile of the last 1 year)
Cobalt
$56,290.00
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 cobalt. Prices as of Mon, 24 Aug 2026 12:14:22 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
16.76
median 17.90
1Y low
10.59
Aug 24, 2025
1Y high
19.07
Jul 31, 2026
Normal band
14.40–19.13
mean ± 1 std dev
Deviation from mean
+0.67σ
317 observations
Cobalt to Steel ratio charts
Pick a range once — it applies to the COB/STEEL ratio line, the OHLC candles and the Cobalt / Steel price chart below.
COB/STEEL ratio line
How many T of Steel one T of Cobalt buys, over 1Y.
COB/STEEL ratio candles
Open, high, low and close of the COB/STEEL ratio for each period in the last 1Y.
Cobalt 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 cobalt to steel ratio
Cobalt to Steel ratio = Cobalt 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 cobalt — rather than a plain count.
Worked example, live prices: $56,290.00 ÷ $3,066.00 = 18.36. The inverse is 0.05447.
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 cobalt to steel ratio today?
The cobalt to steel ratio is 18.36 — Cobalt at $56,290.00 per Metric Ton divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the cobalt to steel ratio?
Divide the cobalt 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 cobalt.
What is the inverse of the cobalt to steel ratio?
The inverse, steel to cobalt, is 0.05447 — how many Metric Tons of cobalt one Metric Ton of steel buys.