Commodity ratio · live
Ethanol to Steel Ratio
The ethanol to steel ratio is 0.0006915 — Ethanol at $2.12 per Gallon divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:27 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Ethanol to Steel ratio
1.000 Gal of ethanol = 0.0006915 T of steel
Inverse (STEEL/ETHANOL): 1446 — one Metric Ton of steel buys that much ethanol.
Near the top of its 1 year range — historically stretched. (100th percentile of the last 1 year)
Ethanol
$2.12
per Gallon
Steel
¥3,066.00
per Metric Ton
Unit basis: USD per Gallon ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Gallon of ethanol. Prices as of Mon, 24 Aug 2026 11:27:51 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
0.0005918
median 0.0006053
1Y low
0.0004833
Jan 15, 2026
1Y high
0.0006987
Aug 21, 2026
Normal band
0.0005417–0.0006419
mean ± 1 std dev
Deviation from mean
+1.99σ
317 observations
Ethanol to Steel ratio charts
Pick a range once — it applies to the ETHANOL/STEEL ratio line, the OHLC candles and the Ethanol / Steel price chart below.
ETHANOL/STEEL ratio line
How many T of Steel one Gal of Ethanol buys, over 1Y.
ETHANOL/STEEL ratio candles
Open, high, low and close of the ETHANOL/STEEL ratio for each period in the last 1Y.
Ethanol 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 ethanol to steel ratio
Ethanol to Steel ratio = Ethanol price per Gallon ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Gallon of ethanol — rather than a plain count.
Worked example, live prices: $2.12 ÷ $3,066.00 = 0.0006915. The inverse is 1446.
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 ethanol to steel ratio today?
The ethanol to steel ratio is 0.0006915 — Ethanol at $2.12 per Gallon divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the ethanol to steel ratio?
Divide the ethanol price per Gallon 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 Gallon of ethanol.
What is the inverse of the ethanol to steel ratio?
The inverse, steel to ethanol, is 1446 — how many Gallons of ethanol one Metric Ton of steel buys.