Commodity ratio · live
Steel to Bitumen Ratio
The steel to bitumen ratio is 0.6747 — Steel at $3,066.00 per Metric Ton divided by Bitumen at $4,544.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:26 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Bitumen ratio
1.000 T of steel = 0.6747 T of bitumen
Inverse (BIT/STEEL): 1.482 — one Metric Ton of bitumen buys that much steel.
Near the bottom of its 1 year range — historically compressed. (1th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Bitumen
¥4,544.00
per Metric Ton
Unit basis: CNY per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of bitumen per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 10:26:05 GMT.
1Y average
0.8526
median 0.8758
1Y low
0.6634
Mar 18, 2026
1Y high
1.078
Dec 2, 2025
Normal band
0.7341–0.9712
mean ± 1 std dev
Deviation from mean
-1.50σ
312 observations
Steel to Bitumen ratio charts
Pick a range once — it applies to the STEEL/BIT ratio line, the OHLC candles and the Steel / Bitumen price chart below.
STEEL/BIT ratio line
How many T of Bitumen one T of Steel buys, over 1Y.
STEEL/BIT ratio candles
Open, high, low and close of the STEEL/BIT ratio for each period in the last 1Y.
Steel and Bitumen prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the steel to bitumen ratio
Steel to Bitumen ratio = Steel price per Metric Ton ÷ Bitumen 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: $3,066.00 ÷ $4,544.00 = 0.6747. The inverse is 1.482.
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 steel to bitumen ratio today?
The steel to bitumen ratio is 0.6747 — Steel at $3,066.00 per Metric Ton divided by Bitumen at $4,544.00 per Metric Ton, from live mid-market prices.
How do you calculate the steel to bitumen ratio?
Divide the steel price per Metric Ton by the bitumen 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 bitumen per Metric Ton of steel.
What is the inverse of the steel to bitumen ratio?
The inverse, bitumen to steel, is 1.482 — how many Metric Tons of steel one Metric Ton of bitumen buys.