Commodity ratio · live
Neodymium to Steel Ratio
The neodymium to steel ratio is 310.7 — Neodymium at $952,500.00 per Metric Ton divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:31 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Neodymium to Steel ratio
1.000 T of neodymium = 310.665 T of steel
Inverse (STEEL/NDYM): 0.003219 — one Metric Ton of steel buys that much neodymium.
Close to the middle of its 1 year range. (53th percentile of the last 1 year)
Neodymium
$952,500.00
per Metric Ton
Steel
¥3,066.00
per Metric Ton
Unit basis: CNY per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Metric Ton of neodymium. Prices as of Mon, 24 Aug 2026 11:31:12 GMT.
1Y average
289.7
median 301.5
1Y low
214.6
Oct 29, 2025
1Y high
381.6
Feb 24, 2026
Normal band
245.8–333.6
mean ± 1 std dev
Deviation from mean
+0.48σ
309 observations
Neodymium to Steel ratio charts
Pick a range once — it applies to the NDYM/STEEL ratio line, the OHLC candles and the Neodymium / Steel price chart below.
NDYM/STEEL ratio line
How many T of Steel one T of Neodymium buys, over 1Y.
NDYM/STEEL ratio candles
Open, high, low and close of the NDYM/STEEL ratio for each period in the last 1Y.
Neodymium 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 neodymium to steel ratio
Neodymium to Steel ratio = Neodymium price per Metric Ton ÷ 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: $952,500.00 ÷ $3,066.00 = 310.7. The inverse is 0.003219.
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 neodymium to steel ratio today?
The neodymium to steel ratio is 310.7 — Neodymium at $952,500.00 per Metric Ton divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the neodymium to steel ratio?
Divide the neodymium price per Metric Ton 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 Metric Ton of neodymium.
What is the inverse of the neodymium to steel ratio?
The inverse, steel to neodymium, is 0.003219 — how many Metric Tons of neodymium one Metric Ton of steel buys.