Commodity ratio · live
Natural Gas Futures to Hot-Rolled Coil Steel Ratio
The natural gas futures to hot-rolled coil steel ratio is 0.002306 — Natural Gas Futures at $2.76 per Million British Thermal Units divided by Hot-Rolled Coil Steel at $1,197.06 per Metric Ton.
Prices as of Aug 24, 2026, 10:39 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Natural Gas Futures to Hot-Rolled Coil Steel ratio
1.000 MMBtu of natural gas futures = 0.002306 T of hot-rolled coil steel
Inverse (HRC-STEEL/NG-FUT): 433.7 — one Metric Ton of hot-rolled coil steel buys that much natural gas futures.
Near the bottom of its 1 year range — historically compressed. (6th percentile of the last 1 year)
Natural Gas Futures
$2.76
per Million British Thermal Units
Hot-Rolled Coil Steel
$1,197.06
per Metric Ton
Unit basis: USD per Million British Thermal Units ÷ USD per Metric Ton. The ratio reads as Metric Tons of hot-rolled coil steel per Million British Thermal Units of natural gas futures. Prices as of Mon, 24 Aug 2026 10:39:00 GMT.
1Y average
0.003404
median 0.003051
1Y low
0.002180
Aug 15, 2026
1Y high
0.007005
Jan 25, 2026
Normal band
0.002401–0.004407
mean ± 1 std dev
Deviation from mean
-1.09σ
349 observations
Natural Gas Futures to Hot-Rolled Coil Steel ratio charts
Pick a range once — it applies to the NG-FUT/HRC-STEEL ratio line, the OHLC candles and the Natural Gas Futures / Hot-Rolled Coil Steel price chart below.
NG-FUT/HRC-STEEL ratio line
How many T of Hot-Rolled Coil Steel one MMBtu of Natural Gas Futures buys, over 1Y.
NG-FUT/HRC-STEEL ratio candles
Open, high, low and close of the NG-FUT/HRC-STEEL ratio for each period in the last 1Y.
Natural Gas 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 natural gas futures to hot-rolled coil steel ratio
Natural Gas Futures to Hot-Rolled Coil Steel ratio = Natural Gas Futures price per Million British Thermal Units ÷ 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 Million British Thermal Units of natural gas futures — rather than a plain count.
Worked example, live prices: $2.76 ÷ $1,197.06 = 0.002306. The inverse is 433.7.
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 | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the natural gas futures to hot-rolled coil steel ratio today?
The natural gas futures to hot-rolled coil steel ratio is 0.002306 — Natural Gas Futures at $2.76 per Million British Thermal Units divided by Hot-Rolled Coil Steel at $1,197.06 per Metric Ton, from live mid-market prices.
How do you calculate the natural gas futures to hot-rolled coil steel ratio?
Divide the natural gas futures price per Million British Thermal Units 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 Million British Thermal Units of natural gas futures.
What is the inverse of the natural gas futures to hot-rolled coil steel ratio?
The inverse, hot-rolled coil steel to natural gas futures, is 433.7 — how many Million British Thermal Unitss of natural gas futures one Metric Ton of hot-rolled coil steel buys.