Commodity ratio · live
Steel to Cobalt Ratio
The steel to cobalt ratio is 0.05447 — Steel at $3,066.00 per Metric Ton divided by Cobalt at $56,290.00 per Metric Ton.
Prices as of Aug 24, 2026, 12:14 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Cobalt ratio
1.000 T of steel = 0.05447 T of cobalt
Inverse (COB/STEEL): 18.36 — one Metric Ton of cobalt buys that much steel.
Below its 1 year average. (18th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Cobalt
$56,290.00
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of cobalt per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 12:14:22 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
0.06126
median 0.05587
1Y low
0.05244
Jul 31, 2026
1Y high
0.09444
Aug 24, 2025
Normal band
0.04978–0.07274
mean ± 1 std dev
Deviation from mean
-0.59σ
317 observations
Steel to Cobalt ratio charts
Pick a range once — it applies to the STEEL/COB ratio line, the OHLC candles and the Steel / Cobalt price chart below.
STEEL/COB ratio line
How many T of Cobalt one T of Steel buys, over 1Y.
STEEL/COB ratio candles
Open, high, low and close of the STEEL/COB ratio for each period in the last 1Y.
Steel and Cobalt 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 cobalt ratio
Steel to Cobalt ratio = Steel price per Metric Ton ÷ Cobalt price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of cobalt per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $56,290.00 = 0.05447. The inverse is 18.36.
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 | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the steel to cobalt ratio today?
The steel to cobalt ratio is 0.05447 — Steel at $3,066.00 per Metric Ton divided by Cobalt at $56,290.00 per Metric Ton, from live mid-market prices.
How do you calculate the steel to cobalt ratio?
Divide the steel price per Metric Ton by the cobalt 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 cobalt per Metric Ton of steel.
What is the inverse of the steel to cobalt ratio?
The inverse, cobalt to steel, is 18.36 — how many Metric Tons of steel one Metric Ton of cobalt buys.