Commodity ratio · live
Steel to Lamb Ratio
The steel to lamb ratio is 4.533 — Steel at $3,066.00 per Metric Ton divided by Lamb at $676.41 per Kilogram.
Prices as of Aug 24, 2026, 12:14 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Lamb ratio
1.000 T of steel = 4.533 kg of lamb
Inverse (LAMB/STEEL): 0.2206 — one Kilogram of lamb buys that much steel.
Near the top of its 1 year range — historically stretched. (100th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Lamb
$676.41
per Kilogram
Unit basis: CNY per Metric Ton ÷ USD per Kilogram. The ratio reads as Kilograms of lamb per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 12:14:59 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
4.469
median 4.468
1Y low
4.428
Aug 11, 2026
1Y high
4.529
Aug 21, 2026
Normal band
4.447–4.491
mean ± 1 std dev
Deviation from mean
+2.86σ
13 observations
Steel to Lamb ratio charts
Pick a range once — it applies to the STEEL/LAMB ratio line, the OHLC candles and the Steel / Lamb price chart below.
STEEL/LAMB ratio line
How many kg of Lamb one T of Steel buys, over 1Y.
STEEL/LAMB ratio candles
Open, high, low and close of the STEEL/LAMB ratio for each period in the last 1Y.
Steel and Lamb 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 lamb ratio
Steel to Lamb ratio = Steel price per Metric Ton ÷ Lamb price per Kilogram
The two legs use different units, so the result is a rate — Kilograms of lamb per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $676.41 = 4.533. The inverse is 0.2206.
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 lamb ratio today?
The steel to lamb ratio is 4.533 — Steel at $3,066.00 per Metric Ton divided by Lamb at $676.41 per Kilogram, from live mid-market prices.
How do you calculate the steel to lamb ratio?
Divide the steel price per Metric Ton by the lamb price per Kilogram. If the two units differ, the result is a rate rather than a plain count — read it as Kilograms of lamb per Metric Ton of steel.
What is the inverse of the steel to lamb ratio?
The inverse, lamb to steel, is 0.2206 — how many Metric Tons of steel one Kilogram of lamb buys.