Commodity ratio · live
Hot-Rolled Coil Steel to Nickel Futures Ratio
The hot-rolled coil steel to nickel futures ratio is 0.07043 — Hot-Rolled Coil Steel at $1,197.06 per Metric Ton divided by Nickel Futures at $16,995.38 per Metric Ton.
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 Nickel Futures ratio
1.000 T of hot-rolled coil steel = 0.07043 T of nickel futures
Inverse (NICKEL-FUT/HRC-STEEL): 14.20 — one Metric Ton of nickel 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
$1,197.06
per Metric Ton
Nickel Futures
$16,995.38
per Metric Ton
Unit basis: USD per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of nickel futures per Metric Ton of hot-rolled coil steel. Prices as of Mon, 24 Aug 2026 10:38:39 GMT.
1Y average
0.06013
median 0.05935
1Y low
0.04940
Jan 6, 2026
1Y high
0.07365
Aug 17, 2026
Normal band
0.05397–0.06629
mean ± 1 std dev
Deviation from mean
+1.67σ
355 observations
Hot-Rolled Coil Steel to Nickel Futures ratio charts
Pick a range once — it applies to the HRC-STEEL/NICKEL-FUT ratio line, the OHLC candles and the Hot-Rolled Coil Steel / Nickel Futures price chart below.
HRC-STEEL/NICKEL-FUT ratio line
How many T of Nickel Futures one T of Hot-Rolled Coil Steel buys, over 1Y.
HRC-STEEL/NICKEL-FUT ratio candles
Open, high, low and close of the HRC-STEEL/NICKEL-FUT ratio for each period in the last 1Y.
Hot-Rolled Coil Steel and Nickel 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 nickel futures ratio
Hot-Rolled Coil Steel to Nickel Futures ratio = Hot-Rolled Coil Steel price per Metric Ton ÷ Nickel 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: $1,197.06 ÷ $16,995.38 = 0.07043. The inverse is 14.20.
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 nickel futures ratio today?
The hot-rolled coil steel to nickel futures ratio is 0.07043 — Hot-Rolled Coil Steel at $1,197.06 per Metric Ton divided by Nickel Futures at $16,995.38 per Metric Ton, from live mid-market prices.
How do you calculate the hot-rolled coil steel to nickel futures ratio?
Divide the hot-rolled coil steel price per Metric Ton by the nickel 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 nickel futures per Metric Ton of hot-rolled coil steel.
What is the inverse of the hot-rolled coil steel to nickel futures ratio?
The inverse, nickel futures to hot-rolled coil steel, is 14.20 — how many Metric Tons of hot-rolled coil steel one Metric Ton of nickel futures buys.