Commodity ratio · live
Lumber Futures to Steel Ratio
The lumber futures to steel ratio is 0.1871 — Lumber Futures at $573.54 per Thousand Board Feet divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 12:22 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Lumber Futures to Steel ratio
1.000 Mbf of lumber futures = 0.1871 T of steel
Inverse (STEEL/LB-FUT): 5.346 — one Metric Ton of steel buys that much lumber futures.
Close to the middle of its 1 year range. (46th percentile of the last 1 year)
Lumber Futures
$573.54
per Thousand Board Feet
Steel
¥3,066.00
per Metric Ton
Unit basis: USD per Thousand Board Feet ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Thousand Board Feet of lumber futures. Prices as of Mon, 24 Aug 2026 12:22:52 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
0.1886
median 0.1882
1Y low
0.1613
Nov 9, 2025
1Y high
0.2173
Jul 23, 2026
Normal band
0.1780–0.1992
mean ± 1 std dev
Deviation from mean
-0.14σ
318 observations
Lumber Futures to Steel ratio charts
Pick a range once — it applies to the LB-FUT/STEEL ratio line, the OHLC candles and the Lumber Futures / Steel price chart below.
LB-FUT/STEEL ratio line
How many T of Steel one Mbf of Lumber Futures buys, over 1Y.
LB-FUT/STEEL ratio candles
Open, high, low and close of the LB-FUT/STEEL ratio for each period in the last 1Y.
Lumber Futures 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 lumber futures to steel ratio
Lumber Futures to Steel ratio = Lumber Futures price per Thousand Board Feet ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Thousand Board Feet of lumber futures — rather than a plain count.
Worked example, live prices: $573.54 ÷ $3,066.00 = 0.1871. The inverse is 5.346.
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 lumber futures to steel ratio today?
The lumber futures to steel ratio is 0.1871 — Lumber Futures at $573.54 per Thousand Board Feet divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the lumber futures to steel ratio?
Divide the lumber futures price per Thousand Board Feet 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 Thousand Board Feet of lumber futures.
What is the inverse of the lumber futures to steel ratio?
The inverse, steel to lumber futures, is 5.346 — how many Thousand Board Feets of lumber futures one Metric Ton of steel buys.