Commodity ratio · live
Natural Gas, Europe to Steel Ratio
The natural gas, europe to steel ratio is 0.005274 — Natural Gas, Europe at $16.17 per Million British Thermal Units divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:13 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Natural Gas, Europe to Steel ratio
1.000 MMBtu of natural gas, europe = 0.005274 T of steel
Inverse (STEEL/NG-EU): 189.6 — one Metric Ton of steel buys that much natural gas, europe.
Natural Gas, Europe
$16.17
per Million British Thermal Units
Steel
¥3,066.00
per Metric Ton
Unit basis: USD per Million British Thermal Units ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Million British Thermal Units of natural gas, europe. Prices as of Mon, 24 Aug 2026 11:13:36 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.
Natural Gas, Europe to Steel ratio charts
Pick a range once — it applies to the NG-EU/STEEL ratio line, the OHLC candles and the Natural Gas, Europe / Steel price chart below.
NG-EU/STEEL ratio line
How many T of Steel one MMBtu of Natural Gas, Europe buys, over 1Y.
No overlapping history for NG-EU/STEEL over 1Y. Try a longer range.
NG-EU/STEEL ratio candles
Open, high, low and close of the NG-EU/STEEL ratio for each period in the last 1Y.
No overlapping history for NG-EU/STEEL over 1Y. Try a longer range.
Natural Gas, Europe 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 natural gas, europe to steel ratio
Natural Gas, Europe to Steel ratio = Natural Gas, Europe price per Million British Thermal Units ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Million British Thermal Units of natural gas, europe — rather than a plain count.
Worked example, live prices: $16.17 ÷ $3,066.00 = 0.005274. The inverse is 189.6.
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 natural gas, europe to steel ratio today?
The natural gas, europe to steel ratio is 0.005274 — Natural Gas, Europe at $16.17 per Million British Thermal Units divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the natural gas, europe to steel ratio?
Divide the natural gas, europe price per Million British Thermal Units 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 Million British Thermal Units of natural gas, europe.
What is the inverse of the natural gas, europe to steel ratio?
The inverse, steel to natural gas, europe, is 189.6 — how many Million British Thermal Unitss of natural gas, europe one Metric Ton of steel buys.