Commodity ratio · live
Steel to Crude Oil Brent Futures Ratio
The steel to crude oil brent futures ratio is 33.07 — Steel at $3,066.00 per Metric Ton divided by Crude Oil Brent Futures at $92.72 per Barrel.
Prices as of Aug 24, 2026, 10:38 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Crude Oil Brent Futures ratio
1.000 T of steel = 33.067 Bbl of crude oil brent futures
Inverse (BRENTOIL-FUT/STEEL): 0.03024 — one Barrel of crude oil brent futures buys that much steel.
Below its 1 year average. (29th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Crude Oil Brent Futures
$92.72
per Barrel
Unit basis: CNY per Metric Ton ÷ USD per Barrel. The ratio reads as Barrels of crude oil brent futures per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 10:38:36 GMT.
These two commodities are quoted in different currencies (CNY and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
41.00
median 44.93
1Y low
26.75
Mar 29, 2026
1Y high
52.99
Jan 7, 2026
Normal band
33.08–48.92
mean ± 1 std dev
Deviation from mean
-1.00σ
270 observations
Steel to Crude Oil Brent Futures ratio charts
Pick a range once — it applies to the STEEL/BRENTOIL-FUT ratio line, the OHLC candles and the Steel / Crude Oil Brent Futures price chart below.
STEEL/BRENTOIL-FUT ratio line
How many Bbl of Crude Oil Brent Futures one T of Steel buys, over 1Y.
STEEL/BRENTOIL-FUT ratio candles
Open, high, low and close of the STEEL/BRENTOIL-FUT ratio for each period in the last 1Y.
Steel and Crude Oil Brent Futures 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 crude oil brent futures ratio
Steel to Crude Oil Brent Futures ratio = Steel price per Metric Ton ÷ Crude Oil Brent Futures price per Barrel
The two legs use different units, so the result is a rate — Barrels of crude oil brent futures per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $92.72 = 33.07. The inverse is 0.03024.
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 crude oil brent futures ratio today?
The steel to crude oil brent futures ratio is 33.07 — Steel at $3,066.00 per Metric Ton divided by Crude Oil Brent Futures at $92.72 per Barrel, from live mid-market prices.
How do you calculate the steel to crude oil brent futures ratio?
Divide the steel price per Metric Ton by the crude oil brent futures price per Barrel. If the two units differ, the result is a rate rather than a plain count — read it as Barrels of crude oil brent futures per Metric Ton of steel.
What is the inverse of the steel to crude oil brent futures ratio?
The inverse, crude oil brent futures to steel, is 0.03024 — how many Metric Tons of steel one Barrel of crude oil brent futures buys.