Commodity ratio · live
Steel to Hides Ratio
The steel to hides ratio is 54.08 — Steel at $3,066.00 per Metric Ton divided by Hides at $56.69 per Pound.
Prices as of Aug 24, 2026, 10:26 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Hides ratio
1.000 T of steel = 54.084 lbs of hides
Inverse (HIDE/STEEL): 0.01849 — one Pound of hides buys that much steel.
Steel
¥3,066.00
per Metric Ton
Hides
¢56.69
per Pound
Unit basis: CNY per Metric Ton ÷ US Cents per Pound. The ratio reads as Pounds of hides per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 10:26:36 GMT.
These two commodities are quoted in different currencies (CNY and US Cents). The figure above is a raw quote ratio and is not FX-adjusted.
Steel to Hides ratio charts
Pick a range once — it applies to the STEEL/HIDE ratio line, the OHLC candles and the Steel / Hides price chart below.
STEEL/HIDE ratio line
How many lbs of Hides one T of Steel buys, over 1Y.
No overlapping history for STEEL/HIDE over 1Y. Try a longer range.
STEEL/HIDE ratio candles
Open, high, low and close of the STEEL/HIDE ratio for each period in the last 1Y.
No overlapping history for STEEL/HIDE over 1Y. Try a longer range.
Steel and Hides 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 hides ratio
Steel to Hides ratio = Steel price per Metric Ton ÷ Hides price per Pound
The two legs use different units, so the result is a rate — Pounds of hides per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $56.69 = 54.08. The inverse is 0.01849.
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 hides ratio today?
The steel to hides ratio is 54.08 — Steel at $3,066.00 per Metric Ton divided by Hides at $56.69 per Pound, from live mid-market prices.
How do you calculate the steel to hides ratio?
Divide the steel price per Metric Ton by the hides price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of hides per Metric Ton of steel.
What is the inverse of the steel to hides ratio?
The inverse, hides to steel, is 0.01849 — how many Metric Tons of steel one Pound of hides buys.