Commodity ratio · live
Platinum to Steel Ratio
The platinum to steel ratio is 0.6149 — Platinum at $1,885.38 per Troy Ounce divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:28 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Platinum to Steel ratio
1.000 T.oz of platinum = 0.6149 T of steel
Inverse (STEEL/PL): 1.626 — one Metric Ton of steel buys that much platinum.
Close to the middle of its 1 year range. (61th percentile of the last 1 year)
Platinum
$1,885.38
per Troy Ounce
Steel
¥3,066.00
per Metric Ton
Unit basis: USD per Troy Ounce ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Troy Ounce of platinum. Prices as of Mon, 24 Aug 2026 10:28:37 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.
1Y average
0.5951
median 0.5806
1Y low
0.4245
Aug 26, 2025
1Y high
0.9409
Jan 26, 2026
Normal band
0.5003–0.6899
mean ± 1 std dev
Deviation from mean
+0.21σ
311 observations
Platinum to Steel ratio charts
Pick a range once — it applies to the PL/STEEL ratio line, the OHLC candles and the Platinum / Steel price chart below.
PL/STEEL ratio line
How many T of Steel one T.oz of Platinum buys, over 1Y.
PL/STEEL ratio candles
Open, high, low and close of the PL/STEEL ratio for each period in the last 1Y.
Platinum 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 platinum to steel ratio
Platinum to Steel ratio = Platinum price per Troy Ounce ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Troy Ounce of platinum — rather than a plain count.
Worked example, live prices: $1,885.38 ÷ $3,066.00 = 0.6149. The inverse is 1.626.
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 platinum to steel ratio today?
The platinum to steel ratio is 0.6149 — Platinum at $1,885.38 per Troy Ounce divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the platinum to steel ratio?
Divide the platinum price per Troy Ounce 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 Troy Ounce of platinum.
What is the inverse of the platinum to steel ratio?
The inverse, steel to platinum, is 1.626 — how many Troy Ounces of platinum one Metric Ton of steel buys.