Commodity ratio · live
Steel to Hot-Rolled Coil Steel Ratio
The steel to hot-rolled coil steel ratio is 2.561 — Steel at $3,066.00 per Metric Ton divided by Hot-Rolled Coil Steel at $1,197.06 per Metric Ton.
Prices as of Aug 24, 2026, 10:37 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Hot-Rolled Coil Steel ratio
1.000 T of steel = 2.561 T of hot-rolled coil steel
Inverse (HRC-STEEL/STEEL): 0.3904 — one Metric Ton of hot-rolled coil steel buys that much steel.
Near the bottom of its 1 year range — historically compressed. (8th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Hot-Rolled Coil Steel
$1,197.06
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of hot-rolled coil steel per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 10:37:34 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
3.129
median 3.096
1Y low
2.454
Aug 16, 2026
1Y high
4.088
Aug 24, 2025
Normal band
2.691–3.567
mean ± 1 std dev
Deviation from mean
-1.30σ
318 observations
Steel to Hot-Rolled Coil Steel ratio charts
Pick a range once — it applies to the STEEL/HRC-STEEL ratio line, the OHLC candles and the Steel / Hot-Rolled Coil Steel price chart below.
STEEL/HRC-STEEL ratio line
How many T of Hot-Rolled Coil Steel one T of Steel buys, over 1Y.
STEEL/HRC-STEEL ratio candles
Open, high, low and close of the STEEL/HRC-STEEL ratio for each period in the last 1Y.
Steel and Hot-Rolled Coil Steel 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 hot-rolled coil steel ratio
Steel to Hot-Rolled Coil Steel ratio = Steel price per Metric Ton ÷ Hot-Rolled Coil Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of hot-rolled coil steel per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $1,197.06 = 2.561. The inverse is 0.3904.
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 hot-rolled coil steel ratio today?
The steel to hot-rolled coil steel ratio is 2.561 — Steel at $3,066.00 per Metric Ton divided by Hot-Rolled Coil Steel at $1,197.06 per Metric Ton, from live mid-market prices.
How do you calculate the steel to hot-rolled coil steel ratio?
Divide the steel price per Metric Ton by the hot-rolled coil steel 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 hot-rolled coil steel per Metric Ton of steel.
What is the inverse of the steel to hot-rolled coil steel ratio?
The inverse, hot-rolled coil steel to steel, is 0.3904 — how many Metric Tons of steel one Metric Ton of hot-rolled coil steel buys.