Commodity ratio · live
Hot-Rolled Coil Steel to Lead Futures Ratio
The hot-rolled coil steel to lead futures ratio is 0.6270 — Hot-Rolled Coil Steel at $1,196.04 per Metric Ton divided by Lead Futures at $1,907.63 per Metric Ton.
Prices as of Aug 24, 2026, 12:25 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Hot-Rolled Coil Steel to Lead Futures ratio
1.000 T of hot-rolled coil steel = 0.6270 T of lead futures
Inverse (LEAD-FUT/HRC-STEEL): 1.595 — one Metric Ton of lead futures buys that much hot-rolled coil steel.
Near the top of its 1 year range — historically stretched. (90th percentile of the last 1 year)
Hot-Rolled Coil Steel
$1,196.04
per Metric Ton
Lead Futures
$1,907.63
per Metric Ton
Unit basis: USD per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of lead futures per Metric Ton of hot-rolled coil steel. Prices as of Mon, 24 Aug 2026 12:25:29 GMT.
1Y average
0.5175
median 0.5173
1Y low
0.3806
Oct 5, 2025
1Y high
0.6547
Aug 18, 2026
Normal band
0.4371–0.5980
mean ± 1 std dev
Deviation from mean
+1.36σ
341 observations
Hot-Rolled Coil Steel to Lead Futures ratio charts
Pick a range once — it applies to the HRC-STEEL/LEAD-FUT ratio line, the OHLC candles and the Hot-Rolled Coil Steel / Lead Futures price chart below.
HRC-STEEL/LEAD-FUT ratio line
How many T of Lead Futures one T of Hot-Rolled Coil Steel buys, over 1Y.
HRC-STEEL/LEAD-FUT ratio candles
Open, high, low and close of the HRC-STEEL/LEAD-FUT ratio for each period in the last 1Y.
Hot-Rolled Coil Steel and Lead 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 lead futures ratio
Hot-Rolled Coil Steel to Lead Futures ratio = Hot-Rolled Coil Steel price per Metric Ton ÷ Lead Futures price per Metric Ton
Both legs share the same unit, so the result is a plain unitless number, directly comparable across time.
Worked example, live prices: $1,196.04 ÷ $1,907.63 = 0.6270. The inverse is 1.595.
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 | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the hot-rolled coil steel to lead futures ratio today?
The hot-rolled coil steel to lead futures ratio is 0.6270 — Hot-Rolled Coil Steel at $1,196.04 per Metric Ton divided by Lead Futures at $1,907.63 per Metric Ton, from live mid-market prices.
How do you calculate the hot-rolled coil steel to lead futures ratio?
Divide the hot-rolled coil steel price per Metric Ton by the lead futures 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 lead futures per Metric Ton of hot-rolled coil steel.
What is the inverse of the hot-rolled coil steel to lead futures ratio?
The inverse, lead futures to hot-rolled coil steel, is 1.595 — how many Metric Tons of hot-rolled coil steel one Metric Ton of lead futures buys.