Commodity ratio · live
Steel to Gas Oil Ratio
The steel to gas oil ratio is 2.428 — Steel at $3,066.00 per Metric Ton divided by Gas Oil at $1,262.70 per 100 Tonnes.
Prices as of Aug 24, 2026, 11:27 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Gas Oil ratio
1.000 T of steel = 2.428 100 T of gas oil
Inverse (LGO/STEEL): 0.4118 — one 100 Tonnes of gas oil buys that much steel.
Near the bottom of its 1 year range — historically compressed. (6th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Gas Oil
$1,262.70
per 100 Tonnes
Unit basis: CNY per Metric Ton ÷ USD per 100 Tonnes. The ratio reads as 100 Tonness of gas oil per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 11:27:12 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
3.712
median 4.140
1Y low
2.151
Apr 2, 2026
1Y high
5.321
Jan 7, 2026
Normal band
2.786–4.637
mean ± 1 std dev
Deviation from mean
-1.39σ
309 observations
Steel to Gas Oil ratio charts
Pick a range once — it applies to the STEEL/LGO ratio line, the OHLC candles and the Steel / Gas Oil price chart below.
STEEL/LGO ratio line
How many 100 T of Gas Oil one T of Steel buys, over 1Y.
STEEL/LGO ratio candles
Open, high, low and close of the STEEL/LGO ratio for each period in the last 1Y.
Steel and Gas Oil 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 gas oil ratio
Steel to Gas Oil ratio = Steel price per Metric Ton ÷ Gas Oil price per 100 Tonnes
The two legs use different units, so the result is a rate — 100 Tonness of gas oil per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $1,262.70 = 2.428. The inverse is 0.4118.
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 | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the steel to gas oil ratio today?
The steel to gas oil ratio is 2.428 — Steel at $3,066.00 per Metric Ton divided by Gas Oil at $1,262.70 per 100 Tonnes, from live mid-market prices.
How do you calculate the steel to gas oil ratio?
Divide the steel price per Metric Ton by the gas oil price per 100 Tonnes. If the two units differ, the result is a rate rather than a plain count — read it as 100 Tonness of gas oil per Metric Ton of steel.
What is the inverse of the steel to gas oil ratio?
The inverse, gas oil to steel, is 0.4118 — how many Metric Tons of steel one 100 Tonnes of gas oil buys.