Commodity ratio · live
Lead Futures to Hot-Rolled Coil Steel Ratio
The lead futures to hot-rolled coil steel ratio is 1.595 — Lead Futures at $1,907.63 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.
Lead Futures to Hot-Rolled Coil Steel ratio
1.000 T of lead futures = 1.595 T of hot-rolled coil steel
Inverse (HRC-STEEL/LEAD-FUT): 0.6270 — one Metric Ton of hot-rolled coil steel buys that much lead futures.
Near the bottom of its 1 year range — historically compressed. (10th percentile of the last 1 year)
Lead Futures
$1,907.63
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 lead futures. Prices as of Mon, 24 Aug 2026 12:25:29 GMT.
1Y average
1.981
median 1.933
1Y low
1.527
Aug 18, 2026
1Y high
2.627
Oct 5, 2025
Normal band
1.666–2.296
mean ± 1 std dev
Deviation from mean
-1.22σ
341 observations
Lead Futures to Hot-Rolled Coil Steel ratio charts
Pick a range once — it applies to the LEAD-FUT/HRC-STEEL ratio line, the OHLC candles and the Lead Futures / Hot-Rolled Coil Steel price chart below.
LEAD-FUT/HRC-STEEL ratio line
How many T of Hot-Rolled Coil Steel one T of Lead Futures buys, over 1Y.
LEAD-FUT/HRC-STEEL ratio candles
Open, high, low and close of the LEAD-FUT/HRC-STEEL ratio for each period in the last 1Y.
Lead Futures 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 lead futures to hot-rolled coil steel ratio
Lead Futures to Hot-Rolled Coil Steel ratio = Lead Futures 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: $1,907.63 ÷ $1,196.04 = 1.595. The inverse is 0.6270.
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 lead futures to hot-rolled coil steel ratio today?
The lead futures to hot-rolled coil steel ratio is 1.595 — Lead Futures at $1,907.63 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 lead futures to hot-rolled coil steel ratio?
Divide the lead futures 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 lead futures.
What is the inverse of the lead futures to hot-rolled coil steel ratio?
The inverse, hot-rolled coil steel to lead futures, is 0.6270 — how many Metric Tons of lead futures one Metric Ton of hot-rolled coil steel buys.