Commodity ratio · live
Steel to Barley Ratio
The steel to barley ratio is 25.15 — Steel at $3,066.00 per Metric Ton divided by Barley at $121.90 per Metric Ton.
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 Barley ratio
1.000 T of steel = 25.152 T of barley
Inverse (NBLC1/STEEL): 0.03976 — one Metric Ton of barley buys that much steel.
Steel
¥3,066.00
per Metric Ton
Barley
$121.90
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of barley per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 12:14:36 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 Barley ratio charts
Pick a range once — it applies to the STEEL/NBLC1 ratio line, the OHLC candles and the Steel / Barley price chart below.
STEEL/NBLC1 ratio line
How many T of Barley one T of Steel buys, over 1Y.
No overlapping history for STEEL/NBLC1 over 1Y. Try a longer range.
STEEL/NBLC1 ratio candles
Open, high, low and close of the STEEL/NBLC1 ratio for each period in the last 1Y.
No overlapping history for STEEL/NBLC1 over 1Y. Try a longer range.
Steel and Barley 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 barley ratio
Steel to Barley ratio = Steel price per Metric Ton ÷ Barley price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of barley per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $121.90 = 25.15. The inverse is 0.03976.
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 barley ratio today?
The steel to barley ratio is 25.15 — Steel at $3,066.00 per Metric Ton divided by Barley at $121.90 per Metric Ton, from live mid-market prices.
How do you calculate the steel to barley ratio?
Divide the steel price per Metric Ton by the barley 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 barley per Metric Ton of steel.
What is the inverse of the steel to barley ratio?
The inverse, barley to steel, is 0.03976 — how many Metric Tons of steel one Metric Ton of barley buys.