Commodity ratio · live
Gas Oil to Steel Ratio
The gas oil to steel ratio is 0.4118 — Gas Oil at $1,262.70 per 100 Tonnes divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:27 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Gas Oil to Steel ratio
1.000 100 T of gas oil = 0.4118 T of steel
Inverse (STEEL/LGO): 2.428 — one Metric Ton of steel buys that much gas oil.
Near the top of its 1 year range — historically stretched. (94th percentile of the last 1 year)
Gas Oil
$1,262.70
per 100 Tonnes
Steel
¥3,066.00
per Metric Ton
Unit basis: USD per 100 Tonnes ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per 100 Tonnes of gas oil. Prices as of Mon, 24 Aug 2026 11:27:12 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
0.2883
median 0.2416
1Y low
0.1879
Jan 7, 2026
1Y high
0.4649
Apr 2, 2026
Normal band
0.2117–0.3649
mean ± 1 std dev
Deviation from mean
+1.61σ
309 observations
Gas Oil to Steel ratio charts
Pick a range once — it applies to the LGO/STEEL ratio line, the OHLC candles and the Gas Oil / Steel price chart below.
LGO/STEEL ratio line
How many T of Steel one 100 T of Gas Oil buys, over 1Y.
LGO/STEEL ratio candles
Open, high, low and close of the LGO/STEEL ratio for each period in the last 1Y.
Gas Oil 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 gas oil to steel ratio
Gas Oil to Steel ratio = Gas Oil price per 100 Tonnes ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per 100 Tonnes of gas oil — rather than a plain count.
Worked example, live prices: $1,262.70 ÷ $3,066.00 = 0.4118. The inverse is 2.428.
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 | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the gas oil to steel ratio today?
The gas oil to steel ratio is 0.4118 — Gas Oil at $1,262.70 per 100 Tonnes divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the gas oil to steel ratio?
Divide the gas oil price per 100 Tonnes 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 100 Tonnes of gas oil.
What is the inverse of the gas oil to steel ratio?
The inverse, steel to gas oil, is 2.428 — how many 100 Tonness of gas oil one Metric Ton of steel buys.