Commodity ratio · live
Lamb to Steel Ratio
The lamb to steel ratio is 0.2206 — Lamb at $676.41 per Kilogram divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:16 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Lamb to Steel ratio
1.000 kg of lamb = 0.2206 T of steel
Inverse (STEEL/LAMB): 4.533 — one Metric Ton of steel buys that much lamb.
Near the bottom of its 1 year range — historically compressed. (0th percentile of the last 1 year)
Lamb
$676.41
per Kilogram
Steel
¥3,066.00
per Metric Ton
Unit basis: USD per Kilogram ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Kilogram of lamb. Prices as of Mon, 24 Aug 2026 11:16:38 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
0.2238
median 0.2238
1Y low
0.2208
Aug 21, 2026
1Y high
0.2259
Aug 11, 2026
Normal band
0.2227–0.2249
mean ± 1 std dev
Deviation from mean
-2.84σ
13 observations
Lamb to Steel ratio charts
Pick a range once — it applies to the LAMB/STEEL ratio line, the OHLC candles and the Lamb / Steel price chart below.
LAMB/STEEL ratio line
How many T of Steel one kg of Lamb buys, over 1Y.
LAMB/STEEL ratio candles
Open, high, low and close of the LAMB/STEEL ratio for each period in the last 1Y.
Lamb and Steel prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the lamb to steel ratio
Lamb to Steel ratio = Lamb price per Kilogram ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Kilogram of lamb — rather than a plain count.
Worked example, live prices: $676.41 ÷ $3,066.00 = 0.2206. The inverse is 4.533.
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 lamb to steel ratio today?
The lamb to steel ratio is 0.2206 — Lamb at $676.41 per Kilogram divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the lamb to steel ratio?
Divide the lamb price per Kilogram by the 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 steel per Kilogram of lamb.
What is the inverse of the lamb to steel ratio?
The inverse, steel to lamb, is 4.533 — how many Kilograms of lamb one Metric Ton of steel buys.