Commodity ratio · live
Hot-Rolled Coil Steel to Heating Oil Futures Ratio
The hot-rolled coil steel to heating oil futures ratio is 274.6 — Hot-Rolled Coil Steel at $1,197.06 per Metric Ton divided by Heating Oil Futures at $4.36 per Gallan.
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 Heating Oil Futures ratio
1.000 T of hot-rolled coil steel = 274.555 Gal of heating oil futures
Inverse (HO-FUT/HRC-STEEL): 0.003642 — one Gallan of heating oil futures buys that much hot-rolled coil steel.
Below its 1 year average. (12th percentile of the last 1 year)
Hot-Rolled Coil Steel
$1,197.06
per Metric Ton
Heating Oil Futures
$4.36
per Gallan
Unit basis: USD per Metric Ton ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Metric Ton of hot-rolled coil steel. Prices as of Mon, 24 Aug 2026 10:38:59 GMT.
1Y average
337.2
median 341.0
1Y low
225.7
Mar 20, 2026
1Y high
458.0
Jan 7, 2026
Normal band
283.0–391.4
mean ± 1 std dev
Deviation from mean
-1.16σ
327 observations
Hot-Rolled Coil Steel to Heating Oil Futures ratio charts
Pick a range once — it applies to the HRC-STEEL/HO-FUT ratio line, the OHLC candles and the Hot-Rolled Coil Steel / Heating Oil Futures price chart below.
HRC-STEEL/HO-FUT ratio line
How many Gal of Heating Oil Futures one T of Hot-Rolled Coil Steel buys, over 1Y.
HRC-STEEL/HO-FUT ratio candles
Open, high, low and close of the HRC-STEEL/HO-FUT ratio for each period in the last 1Y.
Hot-Rolled Coil Steel and Heating Oil 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 heating oil futures ratio
Hot-Rolled Coil Steel to Heating Oil Futures ratio = Hot-Rolled Coil Steel price per Metric Ton ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Metric Ton of hot-rolled coil steel — rather than a plain count.
Worked example, live prices: $1,197.06 ÷ $4.36 = 274.6. The inverse is 0.003642.
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 heating oil futures ratio today?
The hot-rolled coil steel to heating oil futures ratio is 274.6 — Hot-Rolled Coil Steel at $1,197.06 per Metric Ton divided by Heating Oil Futures at $4.36 per Gallan, from live mid-market prices.
How do you calculate the hot-rolled coil steel to heating oil futures ratio?
Divide the hot-rolled coil steel price per Metric Ton by the heating oil futures price per Gallan. If the two units differ, the result is a rate rather than a plain count — read it as Gallans of heating oil futures per Metric Ton of hot-rolled coil steel.
What is the inverse of the hot-rolled coil steel to heating oil futures ratio?
The inverse, heating oil futures to hot-rolled coil steel, is 0.003642 — how many Metric Tons of hot-rolled coil steel one Gallan of heating oil futures buys.