Commodity ratio · live
Hot-Rolled Coil Steel to Magnesium Ratio
The hot-rolled coil steel to magnesium ratio is 0.07095 — Hot-Rolled Coil Steel at $1,199.07 per Metric Ton divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:35 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Hot-Rolled Coil Steel to Magnesium ratio
1.000 T of hot-rolled coil steel = 0.07095 T of magnesium
Inverse (MG/HRC-STEEL): 14.09 — one Metric Ton of magnesium buys that much hot-rolled coil steel.
Near the top of its 1 year range — historically stretched. (94th percentile of the last 1 year)
Hot-Rolled Coil Steel
$1,199.07
per Metric Ton
Magnesium
¥16,900.00
per Metric Ton
Unit basis: USD per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Metric Ton of hot-rolled coil steel. Prices as of Mon, 24 Aug 2026 11:35:03 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.05812
median 0.05693
1Y low
0.04207
Aug 24, 2025
1Y high
0.07304
Aug 18, 2026
Normal band
0.04956–0.06667
mean ± 1 std dev
Deviation from mean
+1.50σ
350 observations
Hot-Rolled Coil Steel to Magnesium ratio charts
Pick a range once — it applies to the HRC-STEEL/MG ratio line, the OHLC candles and the Hot-Rolled Coil Steel / Magnesium price chart below.
HRC-STEEL/MG ratio line
How many T of Magnesium one T of Hot-Rolled Coil Steel buys, over 1Y.
HRC-STEEL/MG ratio candles
Open, high, low and close of the HRC-STEEL/MG ratio for each period in the last 1Y.
Hot-Rolled Coil Steel and Magnesium 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 magnesium ratio
Hot-Rolled Coil Steel to Magnesium ratio = Hot-Rolled Coil Steel price per Metric Ton ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Metric Ton of hot-rolled coil steel — rather than a plain count.
Worked example, live prices: $1,199.07 ÷ $16,900.00 = 0.07095. The inverse is 14.09.
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 | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the hot-rolled coil steel to magnesium ratio today?
The hot-rolled coil steel to magnesium ratio is 0.07095 — Hot-Rolled Coil Steel at $1,199.07 per Metric Ton divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the hot-rolled coil steel to magnesium ratio?
Divide the hot-rolled coil steel price per Metric Ton by the magnesium 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 magnesium per Metric Ton of hot-rolled coil steel.
What is the inverse of the hot-rolled coil steel to magnesium ratio?
The inverse, magnesium to hot-rolled coil steel, is 14.09 — how many Metric Tons of hot-rolled coil steel one Metric Ton of magnesium buys.