Commodity ratio · live
Hot-Rolled Coil Steel to Natural Gas, US Ratio
The hot-rolled coil steel to natural gas, us ratio is 428.7 — Hot-Rolled Coil Steel at $1,196.04 per Metric Ton divided by Natural Gas, US at $2.79 per Million British Thermal Units.
Prices as of Aug 24, 2026, 12:24 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Hot-Rolled Coil Steel to Natural Gas, US ratio
1.000 T of hot-rolled coil steel = 428.688 MMBtu of natural gas, us
Inverse (NG-US/HRC-STEEL): 0.002333 — one Million British Thermal Units of natural gas, us buys that much hot-rolled coil steel.
Close to the middle of its 1 year range. (46th percentile of the last 1 year)
Hot-Rolled Coil Steel
$1,196.04
per Metric Ton
Natural Gas, US
$2.79
per Million British Thermal Units
Unit basis: USD per Metric Ton ÷ USD per Million British Thermal Units. The ratio reads as Million British Thermal Unitss of natural gas, us per Metric Ton of hot-rolled coil steel. Prices as of Mon, 24 Aug 2026 12:24:58 GMT.
1Y average
420.9
median 429.1
1Y low
348.5
Jun 30, 2026
1Y high
469.1
Aug 7, 2026
Normal band
386.4–455.4
mean ± 1 std dev
Deviation from mean
+0.23σ
35 observations
Hot-Rolled Coil Steel to Natural Gas, US ratio charts
Pick a range once — it applies to the HRC-STEEL/NG-US ratio line, the OHLC candles and the Hot-Rolled Coil Steel / Natural Gas, US price chart below.
HRC-STEEL/NG-US ratio line
How many MMBtu of Natural Gas, US one T of Hot-Rolled Coil Steel buys, over 1Y.
HRC-STEEL/NG-US ratio candles
Open, high, low and close of the HRC-STEEL/NG-US ratio for each period in the last 1Y.
Hot-Rolled Coil Steel and Natural Gas, US 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 natural gas, us ratio
Hot-Rolled Coil Steel to Natural Gas, US ratio = Hot-Rolled Coil Steel price per Metric Ton ÷ Natural Gas, US price per Million British Thermal Units
The two legs use different units, so the result is a rate — Million British Thermal Unitss of natural gas, us per Metric Ton of hot-rolled coil steel — rather than a plain count.
Worked example, live prices: $1,196.04 ÷ $2.79 = 428.7. The inverse is 0.002333.
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 natural gas, us ratio today?
The hot-rolled coil steel to natural gas, us ratio is 428.7 — Hot-Rolled Coil Steel at $1,196.04 per Metric Ton divided by Natural Gas, US at $2.79 per Million British Thermal Units, from live mid-market prices.
How do you calculate the hot-rolled coil steel to natural gas, us ratio?
Divide the hot-rolled coil steel price per Metric Ton by the natural gas, us price per Million British Thermal Units. If the two units differ, the result is a rate rather than a plain count — read it as Million British Thermal Unitss of natural gas, us per Metric Ton of hot-rolled coil steel.
What is the inverse of the hot-rolled coil steel to natural gas, us ratio?
The inverse, natural gas, us to hot-rolled coil steel, is 0.002333 — how many Metric Tons of hot-rolled coil steel one Million British Thermal Units of natural gas, us buys.