Commodity ratio · live
Steel to Copper Futures Ratio
The steel to copper futures ratio is 466.0 — Steel at $3,066.00 per Metric Ton divided by Copper Futures at $6.58 per Pound.
Prices as of Aug 24, 2026, 10:38 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Copper Futures ratio
1.000 T of steel = 465.957 Lb of copper futures
Inverse (HG-FUT/STEEL): 0.002146 — one Pound of copper futures buys that much steel.
Near the bottom of its 1 year range — historically compressed. (6th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Copper Futures
$6.58
per Pound
Unit basis: CNY per Metric Ton ÷ USD per Pound. The ratio reads as Pounds of copper futures per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 10:38:45 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
544.6
median 531.9
1Y low
444.3
Aug 5, 2026
1Y high
720.4
Aug 24, 2025
Normal band
489.6–599.7
mean ± 1 std dev
Deviation from mean
-1.43σ
307 observations
Steel to Copper Futures ratio charts
Pick a range once — it applies to the STEEL/HG-FUT ratio line, the OHLC candles and the Steel / Copper Futures price chart below.
STEEL/HG-FUT ratio line
How many Lb of Copper Futures one T of Steel buys, over 1Y.
STEEL/HG-FUT ratio candles
Open, high, low and close of the STEEL/HG-FUT ratio for each period in the last 1Y.
Steel and Copper Futures 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 copper futures ratio
Steel to Copper Futures ratio = Steel price per Metric Ton ÷ Copper Futures price per Pound
The two legs use different units, so the result is a rate — Pounds of copper futures per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $6.58 = 466.0. The inverse is 0.002146.
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 copper futures ratio today?
The steel to copper futures ratio is 466.0 — Steel at $3,066.00 per Metric Ton divided by Copper Futures at $6.58 per Pound, from live mid-market prices.
How do you calculate the steel to copper futures ratio?
Divide the steel price per Metric Ton by the copper futures price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of copper futures per Metric Ton of steel.
What is the inverse of the steel to copper futures ratio?
The inverse, copper futures to steel, is 0.002146 — how many Metric Tons of steel one Pound of copper futures buys.