Commodity ratio · live
Steel to Natural Gas, Europe Ratio
The steel to natural gas, europe ratio is 189.6 — Steel at $3,066.00 per Metric Ton divided by Natural Gas, Europe at $16.17 per Million British Thermal Units.
Prices as of Aug 24, 2026, 11:30 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Natural Gas, Europe ratio
1.000 T of steel = 189.610 MMBtu of natural gas, europe
Inverse (NG-EU/STEEL): 0.005274 — one Million British Thermal Units of natural gas, europe buys that much steel.
Steel
¥3,066.00
per Metric Ton
Natural Gas, Europe
$16.17
per Million British Thermal Units
Unit basis: CNY per Metric Ton ÷ USD per Million British Thermal Units. The ratio reads as Million British Thermal Unitss of natural gas, europe per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 11:30:44 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 Natural Gas, Europe ratio charts
Pick a range once — it applies to the STEEL/NG-EU ratio line, the OHLC candles and the Steel / Natural Gas, Europe price chart below.
STEEL/NG-EU ratio line
How many MMBtu of Natural Gas, Europe one T of Steel buys, over 1Y.
No overlapping history for STEEL/NG-EU over 1Y. Try a longer range.
STEEL/NG-EU ratio candles
Open, high, low and close of the STEEL/NG-EU ratio for each period in the last 1Y.
No overlapping history for STEEL/NG-EU over 1Y. Try a longer range.
Steel and Natural Gas, Europe 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 natural gas, europe ratio
Steel to Natural Gas, Europe ratio = Steel price per Metric Ton ÷ Natural Gas, Europe price per Million British Thermal Units
The two legs use different units, so the result is a rate — Million British Thermal Unitss of natural gas, europe per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $16.17 = 189.6. The inverse is 0.005274.
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 natural gas, europe ratio today?
The steel to natural gas, europe ratio is 189.6 — Steel at $3,066.00 per Metric Ton divided by Natural Gas, Europe at $16.17 per Million British Thermal Units, from live mid-market prices.
How do you calculate the steel to natural gas, europe ratio?
Divide the steel price per Metric Ton by the natural gas, europe price per Million British Thermal Units. If the two units differ, the result is a rate rather than a plain count — read it as Million British Thermal Unitss of natural gas, europe per Metric Ton of steel.
What is the inverse of the steel to natural gas, europe ratio?
The inverse, natural gas, europe to steel, is 0.005274 — how many Metric Tons of steel one Million British Thermal Units of natural gas, europe buys.