Commodity ratio · live
Hides to Steel Ratio
The hides to steel ratio is 0.01849 — Hides at $56.69 per Pound divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:26 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Hides to Steel ratio
1.000 lbs of hides = 0.01849 T of steel
Inverse (STEEL/HIDE): 54.08 — one Metric Ton of steel buys that much hides.
Hides
¢56.69
per Pound
Steel
¥3,066.00
per Metric Ton
Unit basis: US Cents per Pound ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Pound of hides. Prices as of Mon, 24 Aug 2026 10:26:35 GMT.
These two commodities are quoted in different currencies (US Cents and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
Hides to Steel ratio charts
Pick a range once — it applies to the HIDE/STEEL ratio line, the OHLC candles and the Hides / Steel price chart below.
HIDE/STEEL ratio line
How many T of Steel one lbs of Hides buys, over 1Y.
No overlapping history for HIDE/STEEL over 1Y. Try a longer range.
HIDE/STEEL ratio candles
Open, high, low and close of the HIDE/STEEL ratio for each period in the last 1Y.
No overlapping history for HIDE/STEEL over 1Y. Try a longer range.
Hides 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 hides to steel ratio
Hides to Steel ratio = Hides 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 hides — rather than a plain count.
Worked example, live prices: $56.69 ÷ $3,066.00 = 0.01849. The inverse is 54.08.
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 hides to steel ratio today?
The hides to steel ratio is 0.01849 — Hides at $56.69 per Pound divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the hides to steel ratio?
Divide the hides 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 hides.
What is the inverse of the hides to steel ratio?
The inverse, steel to hides, is 54.08 — how many Pounds of hides one Metric Ton of steel buys.