Commodity ratio · live
Cotton to Steel Ratio
The cotton to steel ratio is 0.0002870 — Cotton at $0.8800 per Pound divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:27 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cotton to Steel ratio
1.000 Lb of cotton = 0.0002870 T of steel
Inverse (STEEL/CT): 3484 — one Metric Ton of steel buys that much cotton.
Near the top of its 1 year range — historically stretched. (99th percentile of the last 1 year)
Cotton
$0.8800
per Pound
Steel
¥3,066.00
per Metric Ton
Unit basis: USD per Pound ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Pound of cotton. Prices as of Mon, 24 Aug 2026 10:27:53 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
0.0002313
median 0.0002196
1Y low
0.0002026
Feb 6, 2026
1Y high
0.0002969
Aug 20, 2026
Normal band
0.0002072–0.0002554
mean ± 1 std dev
Deviation from mean
+2.31σ
251 observations
Cotton to Steel ratio charts
Pick a range once — it applies to the CT/STEEL ratio line, the OHLC candles and the Cotton / Steel price chart below.
CT/STEEL ratio line
How many T of Steel one Lb of Cotton buys, over 1Y.
CT/STEEL ratio candles
Open, high, low and close of the CT/STEEL ratio for each period in the last 1Y.
Cotton 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 cotton to steel ratio
Cotton to Steel ratio = Cotton price per Pound ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Pound of cotton — rather than a plain count.
Worked example, live prices: $0.8800 ÷ $3,066.00 = 0.0002870. The inverse is 3484.
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 cotton to steel ratio today?
The cotton to steel ratio is 0.0002870 — Cotton at $0.8800 per Pound divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the cotton to steel ratio?
Divide the cotton price per Pound 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 Pound of cotton.
What is the inverse of the cotton to steel ratio?
The inverse, steel to cotton, is 3484 — how many Pounds of cotton one Metric Ton of steel buys.