Commodity ratio · live
Magnesium to Hot-Rolled Coil Steel Ratio
The magnesium to hot-rolled coil steel ratio is 14.09 — Magnesium at $16,900.00 per Metric Ton divided by Hot-Rolled Coil Steel at $1,199.07 per Metric Ton.
Prices as of Aug 24, 2026, 11:34 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Hot-Rolled Coil Steel ratio
1.000 T of magnesium = 14.094 T of hot-rolled coil steel
Inverse (HRC-STEEL/MG): 0.07095 — one Metric Ton of hot-rolled coil steel buys that much magnesium.
Near the bottom of its 1 year range — historically compressed. (6th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Hot-Rolled Coil Steel
$1,199.07
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of hot-rolled coil steel per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 11:34:14 GMT.
These two commodities are quoted in different currencies (CNY and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
17.59
median 17.56
1Y low
13.69
Aug 18, 2026
1Y high
23.77
Aug 24, 2025
Normal band
14.96–20.22
mean ± 1 std dev
Deviation from mean
-1.33σ
350 observations
Magnesium to Hot-Rolled Coil Steel ratio charts
Pick a range once — it applies to the MG/HRC-STEEL ratio line, the OHLC candles and the Magnesium / Hot-Rolled Coil Steel price chart below.
MG/HRC-STEEL ratio line
How many T of Hot-Rolled Coil Steel one T of Magnesium buys, over 1Y.
MG/HRC-STEEL ratio candles
Open, high, low and close of the MG/HRC-STEEL ratio for each period in the last 1Y.
Magnesium 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 magnesium to hot-rolled coil steel ratio
Magnesium to Hot-Rolled Coil Steel ratio = Magnesium price per Metric Ton ÷ Hot-Rolled Coil Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of hot-rolled coil steel per Metric Ton of magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $1,199.07 = 14.09. The inverse is 0.07095.
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 magnesium to hot-rolled coil steel ratio today?
The magnesium to hot-rolled coil steel ratio is 14.09 — Magnesium at $16,900.00 per Metric Ton divided by Hot-Rolled Coil Steel at $1,199.07 per Metric Ton, from live mid-market prices.
How do you calculate the magnesium to hot-rolled coil steel ratio?
Divide the magnesium 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 magnesium.
What is the inverse of the magnesium to hot-rolled coil steel ratio?
The inverse, hot-rolled coil steel to magnesium, is 0.07095 — how many Metric Tons of magnesium one Metric Ton of hot-rolled coil steel buys.