Commodity ratio · live
Steel to Cheese Ratio
The steel to cheese ratio is 1904 — Steel at $3,066.00 per Metric Ton divided by Cheese at $1.61 per Pound.
Prices as of Aug 24, 2026, 10:29 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Cheese ratio
1.000 T of steel = 1,904.3 Lb of cheese
Inverse (CHE/STEEL): 0.0005251 — one Pound of cheese buys that much steel.
Close to the middle of its 1 year range. (55th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Cheese
$1.61
per Pound
Unit basis: CNY per Metric Ton ÷ USD per Pound. The ratio reads as Pounds of cheese per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 10:29:07 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
1895
median 1883
1Y low
1646
Sep 2, 2025
1Y high
2257
Jan 28, 2026
Normal band
1752–2038
mean ± 1 std dev
Deviation from mean
+0.06σ
318 observations
Steel to Cheese ratio charts
Pick a range once — it applies to the STEEL/CHE ratio line, the OHLC candles and the Steel / Cheese price chart below.
STEEL/CHE ratio line
How many Lb of Cheese one T of Steel buys, over 1Y.
STEEL/CHE ratio candles
Open, high, low and close of the STEEL/CHE ratio for each period in the last 1Y.
Steel and Cheese 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 cheese ratio
Steel to Cheese ratio = Steel price per Metric Ton ÷ Cheese price per Pound
The two legs use different units, so the result is a rate — Pounds of cheese per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $1.61 = 1904. The inverse is 0.0005251.
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 cheese ratio today?
The steel to cheese ratio is 1904 — Steel at $3,066.00 per Metric Ton divided by Cheese at $1.61 per Pound, from live mid-market prices.
How do you calculate the steel to cheese ratio?
Divide the steel price per Metric Ton by the cheese price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of cheese per Metric Ton of steel.
What is the inverse of the steel to cheese ratio?
The inverse, cheese to steel, is 0.0005251 — how many Metric Tons of steel one Pound of cheese buys.