Commodity ratio · live
Heating Oil Futures to Hot-Rolled Coil Steel Ratio
The heating oil futures to hot-rolled coil steel ratio is 0.003642 — Heating Oil Futures at $4.36 per Gallan divided by Hot-Rolled Coil Steel at $1,197.06 per Metric Ton.
Prices as of Aug 24, 2026, 10:38 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Hot-Rolled Coil Steel ratio
1.000 Gal of heating oil futures = 0.003642 T of hot-rolled coil steel
Inverse (HRC-STEEL/HO-FUT): 274.6 — one Metric Ton of hot-rolled coil steel buys that much heating oil futures.
Above its 1 year average. (88th percentile of the last 1 year)
Heating Oil Futures
$4.36
per Gallan
Hot-Rolled Coil Steel
$1,197.06
per Metric Ton
Unit basis: USD per Gallan ÷ USD per Metric Ton. The ratio reads as Metric Tons of hot-rolled coil steel per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 10:38:59 GMT.
1Y average
0.003046
median 0.002933
1Y low
0.002183
Jan 7, 2026
1Y high
0.004431
Mar 20, 2026
Normal band
0.002539–0.003552
mean ± 1 std dev
Deviation from mean
+1.18σ
327 observations
Heating Oil Futures to Hot-Rolled Coil Steel ratio charts
Pick a range once — it applies to the HO-FUT/HRC-STEEL ratio line, the OHLC candles and the Heating Oil Futures / Hot-Rolled Coil Steel price chart below.
HO-FUT/HRC-STEEL ratio line
How many T of Hot-Rolled Coil Steel one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/HRC-STEEL ratio candles
Open, high, low and close of the HO-FUT/HRC-STEEL ratio for each period in the last 1Y.
Heating Oil Futures and Hot-Rolled Coil Steel prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the heating oil futures to hot-rolled coil steel ratio
Heating Oil Futures to Hot-Rolled Coil Steel ratio = Heating Oil Futures price per Gallan ÷ Hot-Rolled Coil Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of hot-rolled coil steel per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.36 ÷ $1,197.06 = 0.003642. The inverse is 274.6.
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 heating oil futures to hot-rolled coil steel ratio today?
The heating oil futures to hot-rolled coil steel ratio is 0.003642 — Heating Oil Futures at $4.36 per Gallan divided by Hot-Rolled Coil Steel at $1,197.06 per Metric Ton, from live mid-market prices.
How do you calculate the heating oil futures to hot-rolled coil steel ratio?
Divide the heating oil futures price per Gallan by the hot-rolled coil 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 hot-rolled coil steel per Gallan of heating oil futures.
What is the inverse of the heating oil futures to hot-rolled coil steel ratio?
The inverse, hot-rolled coil steel to heating oil futures, is 274.6 — how many Gallans of heating oil futures one Metric Ton of hot-rolled coil steel buys.