Commodity ratio · live
Steel to Coal Ratio
The steel to coal ratio is 23.32 — Steel at $3,066.00 per Metric Ton divided by Coal at $131.50 per Metric Ton.
Prices as of Aug 24, 2026, 11:26 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Coal ratio
1.000 T of steel = 23.316 T of coal
Inverse (COAL/STEEL): 0.04289 — one Metric Ton of coal buys that much steel.
Below its 1 year average. (25th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Coal
$131.50
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of coal per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 11:26:54 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
25.74
median 26.16
1Y low
20.59
Jun 11, 2026
1Y high
30.90
Sep 14, 2025
Normal band
22.92–28.57
mean ± 1 std dev
Deviation from mean
-0.86σ
317 observations
Steel to Coal ratio charts
Pick a range once — it applies to the STEEL/COAL ratio line, the OHLC candles and the Steel / Coal price chart below.
STEEL/COAL ratio line
How many T of Coal one T of Steel buys, over 1Y.
STEEL/COAL ratio candles
Open, high, low and close of the STEEL/COAL ratio for each period in the last 1Y.
Steel and Coal 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 coal ratio
Steel to Coal ratio = Steel price per Metric Ton ÷ Coal price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of coal per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $131.50 = 23.32. The inverse is 0.04289.
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 coal ratio today?
The steel to coal ratio is 23.32 — Steel at $3,066.00 per Metric Ton divided by Coal at $131.50 per Metric Ton, from live mid-market prices.
How do you calculate the steel to coal ratio?
Divide the steel price per Metric Ton by the coal 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 coal per Metric Ton of steel.
What is the inverse of the steel to coal ratio?
The inverse, coal to steel, is 0.04289 — how many Metric Tons of steel one Metric Ton of coal buys.