Commodity ratio · live
Steel to Lumber Futures Ratio
The steel to lumber futures ratio is 5.346 — Steel at $3,066.00 per Metric Ton divided by Lumber Futures at $573.54 per Thousand Board Feet.
Prices as of Aug 24, 2026, 12:22 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Lumber Futures ratio
1.000 T of steel = 5.346 Mbf of lumber futures
Inverse (LB-FUT/STEEL): 0.1871 — one Thousand Board Feet of lumber futures buys that much steel.
Close to the middle of its 1 year range. (54th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Lumber Futures
$573.54
per Thousand Board Feet
Unit basis: CNY per Metric Ton ÷ USD per Thousand Board Feet. The ratio reads as Thousand Board Feets of lumber futures per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 12:22:52 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
5.320
median 5.313
1Y low
4.601
Jul 23, 2026
1Y high
6.199
Nov 9, 2025
Normal band
5.023–5.616
mean ± 1 std dev
Deviation from mean
+0.09σ
318 observations
Steel to Lumber Futures ratio charts
Pick a range once — it applies to the STEEL/LB-FUT ratio line, the OHLC candles and the Steel / Lumber Futures price chart below.
STEEL/LB-FUT ratio line
How many Mbf of Lumber Futures one T of Steel buys, over 1Y.
STEEL/LB-FUT ratio candles
Open, high, low and close of the STEEL/LB-FUT ratio for each period in the last 1Y.
Steel and Lumber 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 lumber futures ratio
Steel to Lumber Futures ratio = Steel price per Metric Ton ÷ Lumber Futures price per Thousand Board Feet
The two legs use different units, so the result is a rate — Thousand Board Feets of lumber futures per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $573.54 = 5.346. The inverse is 0.1871.
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 lumber futures ratio today?
The steel to lumber futures ratio is 5.346 — Steel at $3,066.00 per Metric Ton divided by Lumber Futures at $573.54 per Thousand Board Feet, from live mid-market prices.
How do you calculate the steel to lumber futures ratio?
Divide the steel price per Metric Ton by the lumber futures price per Thousand Board Feet. If the two units differ, the result is a rate rather than a plain count — read it as Thousand Board Feets of lumber futures per Metric Ton of steel.
What is the inverse of the steel to lumber futures ratio?
The inverse, lumber futures to steel, is 0.1871 — how many Metric Tons of steel one Thousand Board Feet of lumber futures buys.