Commodity ratio · live
Natural Gas, US to Hot-Rolled Coil Steel Ratio
The natural gas, us to hot-rolled coil steel ratio is 0.002331 — Natural Gas, US at $2.79 per Million British Thermal Units divided by Hot-Rolled Coil Steel at $1,197.06 per Metric Ton.
Prices as of Aug 24, 2026, 10:43 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Natural Gas, US to Hot-Rolled Coil Steel ratio
1.000 MMBtu of natural gas, us = 0.002331 T of hot-rolled coil steel
Inverse (HRC-STEEL/NG-US): 429.1 — one Metric Ton of hot-rolled coil steel buys that much natural gas, us.
Close to the middle of its 1 year range. (51th percentile of the last 1 year)
Natural Gas, US
$2.79
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, us. Prices as of Mon, 24 Aug 2026 10:43:54 GMT.
1Y average
0.002393
median 0.002330
1Y low
0.002132
Aug 7, 2026
1Y high
0.002869
Jun 30, 2026
Normal band
0.002180–0.002607
mean ± 1 std dev
Deviation from mean
-0.29σ
35 observations
Natural Gas, US to Hot-Rolled Coil Steel ratio charts
Pick a range once — it applies to the NG-US/HRC-STEEL ratio line, the OHLC candles and the Natural Gas, US / Hot-Rolled Coil Steel price chart below.
NG-US/HRC-STEEL ratio line
How many T of Hot-Rolled Coil Steel one MMBtu of Natural Gas, US buys, over 1Y.
NG-US/HRC-STEEL ratio candles
Open, high, low and close of the NG-US/HRC-STEEL ratio for each period in the last 1Y.
Natural Gas, US 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, us to hot-rolled coil steel ratio
Natural Gas, US to Hot-Rolled Coil Steel ratio = Natural Gas, US 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, us — rather than a plain count.
Worked example, live prices: $2.79 ÷ $1,197.06 = 0.002331. The inverse is 429.1.
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 | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the natural gas, us to hot-rolled coil steel ratio today?
The natural gas, us to hot-rolled coil steel ratio is 0.002331 — Natural Gas, US at $2.79 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, us to hot-rolled coil steel ratio?
Divide the natural gas, us 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, us.
What is the inverse of the natural gas, us to hot-rolled coil steel ratio?
The inverse, hot-rolled coil steel to natural gas, us, is 429.1 — how many Million British Thermal Unitss of natural gas, us one Metric Ton of hot-rolled coil steel buys.