Commodity ratio · live
Steel to Butter Ratio
The steel to butter ratio is 0.7048 — Steel at $3,066.00 per Metric Ton divided by Butter at $4,350.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:30 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Butter ratio
1.000 T of steel = 0.7048 T of butter
Inverse (BUTTER/STEEL): 1.419 — one Metric Ton of butter buys that much steel.
Close to the middle of its 1 year range. (42th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Butter
€4,350.00
per Metric Ton
Unit basis: CNY per Metric Ton ÷ EUR per Metric Ton. The ratio reads as Metric Tons of butter per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 11:30:20 GMT.
These two commodities are quoted in different currencies (CNY and EUR). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.6943
median 0.7338
1Y low
0.4442
Aug 24, 2025
1Y high
0.8261
May 11, 2026
Normal band
0.5989–0.7897
mean ± 1 std dev
Deviation from mean
+0.11σ
317 observations
Steel to Butter ratio charts
Pick a range once — it applies to the STEEL/BUTTER ratio line, the OHLC candles and the Steel / Butter price chart below.
STEEL/BUTTER ratio line
How many T of Butter one T of Steel buys, over 1Y.
STEEL/BUTTER ratio candles
Open, high, low and close of the STEEL/BUTTER ratio for each period in the last 1Y.
Steel and Butter 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 butter ratio
Steel to Butter ratio = Steel price per Metric Ton ÷ Butter price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of butter per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $4,350.00 = 0.7048. The inverse is 1.419.
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 | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the steel to butter ratio today?
The steel to butter ratio is 0.7048 — Steel at $3,066.00 per Metric Ton divided by Butter at $4,350.00 per Metric Ton, from live mid-market prices.
How do you calculate the steel to butter ratio?
Divide the steel price per Metric Ton by the butter 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 butter per Metric Ton of steel.
What is the inverse of the steel to butter ratio?
The inverse, butter to steel, is 1.419 — how many Metric Tons of steel one Metric Ton of butter buys.