Commodity ratio · live
Hot-Rolled Coil Steel to Copper Futures Ratio
The hot-rolled coil steel to copper futures ratio is 181.9 — Hot-Rolled Coil Steel at $1,197.06 per Metric Ton divided by Copper Futures at $6.58 per Pound.
Prices as of Aug 24, 2026, 10:38 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Hot-Rolled Coil Steel to Copper Futures ratio
1.000 T of hot-rolled coil steel = 181.924 Lb of copper futures
Inverse (HG-FUT/HRC-STEEL): 0.005497 — one Pound of copper futures buys that much hot-rolled coil steel.
Close to the middle of its 1 year range. (60th percentile of the last 1 year)
Hot-Rolled Coil Steel
$1,197.06
per Metric Ton
Copper Futures
$6.58
per Pound
Unit basis: USD per Metric Ton ÷ USD per Pound. The ratio reads as Pounds of copper futures per Metric Ton of hot-rolled coil steel. Prices as of Mon, 24 Aug 2026 10:38:25 GMT.
1Y average
177.1
median 178.1
1Y low
149.7
Oct 5, 2025
1Y high
204.2
Mar 22, 2026
Normal band
165.7–188.4
mean ± 1 std dev
Deviation from mean
+0.43σ
332 observations
Hot-Rolled Coil Steel to Copper Futures ratio charts
Pick a range once — it applies to the HRC-STEEL/HG-FUT ratio line, the OHLC candles and the Hot-Rolled Coil Steel / Copper Futures price chart below.
HRC-STEEL/HG-FUT ratio line
How many Lb of Copper Futures one T of Hot-Rolled Coil Steel buys, over 1Y.
HRC-STEEL/HG-FUT ratio candles
Open, high, low and close of the HRC-STEEL/HG-FUT ratio for each period in the last 1Y.
Hot-Rolled Coil Steel and Copper Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the hot-rolled coil steel to copper futures ratio
Hot-Rolled Coil Steel to Copper Futures ratio = Hot-Rolled Coil Steel price per Metric Ton ÷ Copper Futures price per Pound
The two legs use different units, so the result is a rate — Pounds of copper futures per Metric Ton of hot-rolled coil steel — rather than a plain count.
Worked example, live prices: $1,197.06 ÷ $6.58 = 181.9. The inverse is 0.005497.
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 hot-rolled coil steel to copper futures ratio today?
The hot-rolled coil steel to copper futures ratio is 181.9 — Hot-Rolled Coil Steel at $1,197.06 per Metric Ton divided by Copper Futures at $6.58 per Pound, from live mid-market prices.
How do you calculate the hot-rolled coil steel to copper futures ratio?
Divide the hot-rolled coil steel price per Metric Ton by the copper futures price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of copper futures per Metric Ton of hot-rolled coil steel.
What is the inverse of the hot-rolled coil steel to copper futures ratio?
The inverse, copper futures to hot-rolled coil steel, is 0.005497 — how many Metric Tons of hot-rolled coil steel one Pound of copper futures buys.