Commodity ratio · live
Steel to Iron Ore Ratio
The steel to iron ore ratio is 30.18 — Steel at $3,066.00 per Metric Ton divided by Iron Ore at $101.60 per Metric Ton.
Prices as of Aug 24, 2026, 12:20 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Iron Ore ratio
1.000 T of steel = 30.177 T of iron ore
Inverse (IORECR/STEEL): 0.03314 — one Metric Ton of iron ore buys that much steel.
Steel
¥3,066.00
per Metric Ton
Iron Ore
$101.60
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of iron ore per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 12:20:55 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.
Steel to Iron Ore ratio charts
Pick a range once — it applies to the STEEL/IORECR ratio line, the OHLC candles and the Steel / Iron Ore price chart below.
STEEL/IORECR ratio line
How many T of Iron Ore one T of Steel buys, over 1Y.
No overlapping history for STEEL/IORECR over 1Y. Try a longer range.
STEEL/IORECR ratio candles
Open, high, low and close of the STEEL/IORECR ratio for each period in the last 1Y.
No overlapping history for STEEL/IORECR over 1Y. Try a longer range.
Steel and Iron Ore 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 iron ore ratio
Steel to Iron Ore ratio = Steel price per Metric Ton ÷ Iron Ore price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of iron ore per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $101.60 = 30.18. The inverse is 0.03314.
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 | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the steel to iron ore ratio today?
The steel to iron ore ratio is 30.18 — Steel at $3,066.00 per Metric Ton divided by Iron Ore at $101.60 per Metric Ton, from live mid-market prices.
How do you calculate the steel to iron ore ratio?
Divide the steel price per Metric Ton by the iron ore 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 iron ore per Metric Ton of steel.
What is the inverse of the steel to iron ore ratio?
The inverse, iron ore to steel, is 0.03314 — how many Metric Tons of steel one Metric Ton of iron ore buys.