Commodity ratio · live
Steel to Ethanol Ratio
The steel to ethanol ratio is 1446 — Steel at $3,066.00 per Metric Ton divided by Ethanol at $2.12 per Gallon.
Prices as of Aug 24, 2026, 11:27 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Ethanol ratio
1.000 T of steel = 1,446.2 Gal of ethanol
Inverse (ETHANOL/STEEL): 0.0006915 — one Gallon of ethanol buys that much steel.
Near the bottom of its 1 year range — historically compressed. (0th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Ethanol
$2.12
per Gallon
Unit basis: CNY per Metric Ton ÷ USD per Gallon. The ratio reads as Gallons of ethanol per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 11:27:51 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
1702
median 1652
1Y low
1431
Aug 21, 2026
1Y high
2069
Jan 15, 2026
Normal band
1552–1852
mean ± 1 std dev
Deviation from mean
-1.71σ
317 observations
Steel to Ethanol ratio charts
Pick a range once — it applies to the STEEL/ETHANOL ratio line, the OHLC candles and the Steel / Ethanol price chart below.
STEEL/ETHANOL ratio line
How many Gal of Ethanol one T of Steel buys, over 1Y.
STEEL/ETHANOL ratio candles
Open, high, low and close of the STEEL/ETHANOL ratio for each period in the last 1Y.
Steel and Ethanol 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 ethanol ratio
Steel to Ethanol ratio = Steel price per Metric Ton ÷ Ethanol price per Gallon
The two legs use different units, so the result is a rate — Gallons of ethanol per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $2.12 = 1446. The inverse is 0.0006915.
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 ethanol ratio today?
The steel to ethanol ratio is 1446 — Steel at $3,066.00 per Metric Ton divided by Ethanol at $2.12 per Gallon, from live mid-market prices.
How do you calculate the steel to ethanol ratio?
Divide the steel price per Metric Ton by the ethanol price per Gallon. If the two units differ, the result is a rate rather than a plain count — read it as Gallons of ethanol per Metric Ton of steel.
What is the inverse of the steel to ethanol ratio?
The inverse, ethanol to steel, is 0.0006915 — how many Metric Tons of steel one Gallon of ethanol buys.