Commodity ratio · live
Iron Ore to Hot-Rolled Coil Steel Ratio
The iron ore to hot-rolled coil steel ratio is 0.08495 — Iron Ore at $101.60 per Metric Ton divided by Hot-Rolled Coil Steel at $1,196.04 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.
Iron Ore to Hot-Rolled Coil Steel ratio
1.000 T of iron ore = 0.08495 T of hot-rolled coil steel
Inverse (HRC-STEEL/IORECR): 11.77 — one Metric Ton of hot-rolled coil steel buys that much iron ore.
Iron Ore
$101.60
per Metric Ton
Hot-Rolled Coil Steel
$1,196.04
per Metric Ton
Unit basis: USD per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of hot-rolled coil steel per Metric Ton of iron ore. Prices as of Mon, 24 Aug 2026 12:25:57 GMT.
Iron Ore to Hot-Rolled Coil Steel ratio charts
Pick a range once — it applies to the IORECR/HRC-STEEL ratio line, the OHLC candles and the Iron Ore / Hot-Rolled Coil Steel price chart below.
IORECR/HRC-STEEL ratio line
How many T of Hot-Rolled Coil Steel one T of Iron Ore buys, over 1Y.
No overlapping history for IORECR/HRC-STEEL over 1Y. Try a longer range.
IORECR/HRC-STEEL ratio candles
Open, high, low and close of the IORECR/HRC-STEEL ratio for each period in the last 1Y.
No overlapping history for IORECR/HRC-STEEL over 1Y. Try a longer range.
Iron Ore and Hot-Rolled Coil Steel prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the iron ore to hot-rolled coil steel ratio
Iron Ore to Hot-Rolled Coil Steel ratio = Iron Ore price per Metric Ton ÷ Hot-Rolled Coil Steel 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: $101.60 ÷ $1,196.04 = 0.08495. The inverse is 11.77.
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 iron ore to hot-rolled coil steel ratio today?
The iron ore to hot-rolled coil steel ratio is 0.08495 — Iron Ore at $101.60 per Metric Ton divided by Hot-Rolled Coil Steel at $1,196.04 per Metric Ton, from live mid-market prices.
How do you calculate the iron ore to hot-rolled coil steel ratio?
Divide the iron ore price per Metric Ton by the hot-rolled coil steel 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 hot-rolled coil steel per Metric Ton of iron ore.
What is the inverse of the iron ore to hot-rolled coil steel ratio?
The inverse, hot-rolled coil steel to iron ore, is 11.77 — how many Metric Tons of iron ore one Metric Ton of hot-rolled coil steel buys.