Commodity ratio · live
Steel to Cotton Ratio
The steel to cotton ratio is 3484 — Steel at $3,066.00 per Metric Ton divided by Cotton at $0.8800 per Pound.
Prices as of Aug 24, 2026, 10:27 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Cotton ratio
1.000 T of steel = 3,484.1 Lb of cotton
Inverse (CT/STEEL): 0.0002870 — one Pound of cotton buys that much steel.
Near the bottom of its 1 year range — historically compressed. (1th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Cotton
$0.8800
per Pound
Unit basis: CNY per Metric Ton ÷ USD per Pound. The ratio reads as Pounds of cotton per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 10:27:54 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
4368
median 4553
1Y low
3368
Aug 20, 2026
1Y high
4935
Feb 6, 2026
Normal band
3941–4795
mean ± 1 std dev
Deviation from mean
-2.07σ
251 observations
Steel to Cotton ratio charts
Pick a range once — it applies to the STEEL/CT ratio line, the OHLC candles and the Steel / Cotton price chart below.
STEEL/CT ratio line
How many Lb of Cotton one T of Steel buys, over 1Y.
STEEL/CT ratio candles
Open, high, low and close of the STEEL/CT ratio for each period in the last 1Y.
Steel and Cotton 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 cotton ratio
Steel to Cotton ratio = Steel price per Metric Ton ÷ Cotton price per Pound
The two legs use different units, so the result is a rate — Pounds of cotton per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $0.8800 = 3484. The inverse is 0.0002870.
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 cotton ratio today?
The steel to cotton ratio is 3484 — Steel at $3,066.00 per Metric Ton divided by Cotton at $0.8800 per Pound, from live mid-market prices.
How do you calculate the steel to cotton ratio?
Divide the steel price per Metric Ton by the cotton price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of cotton per Metric Ton of steel.
What is the inverse of the steel to cotton ratio?
The inverse, cotton to steel, is 0.0002870 — how many Metric Tons of steel one Pound of cotton buys.