Commodity ratio · live
Steel to Natural Gas, US Ratio
The steel to natural gas, us ratio is 1099 — Steel at $3,066.00 per Metric Ton divided by Natural Gas, US at $2.79 per Million British Thermal Units.
Prices as of Aug 24, 2026, 11:29 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Natural Gas, US ratio
1.000 T of steel = 1,098.9 MMBtu of natural gas, us
Inverse (NG-US/STEEL): 0.0009100 — one Million British Thermal Units of natural gas, us buys that much steel.
Close to the middle of its 1 year range. (60th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Natural Gas, US
$2.79
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, us per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 11:29:46 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
1074
median 1090
1Y low
907.5
Jun 30, 2026
1Y high
1187
Jul 29, 2026
Normal band
998.5–1149
mean ± 1 std dev
Deviation from mean
+0.33σ
35 observations
Steel to Natural Gas, US ratio charts
Pick a range once — it applies to the STEEL/NG-US ratio line, the OHLC candles and the Steel / Natural Gas, US price chart below.
STEEL/NG-US ratio line
How many MMBtu of Natural Gas, US one T of Steel buys, over 1Y.
STEEL/NG-US ratio candles
Open, high, low and close of the STEEL/NG-US ratio for each period in the last 1Y.
Steel and Natural Gas, US 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, us ratio
Steel to Natural Gas, US ratio = Steel price per Metric Ton ÷ Natural Gas, US 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, us per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $2.79 = 1099. The inverse is 0.0009100.
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, us ratio today?
The steel to natural gas, us ratio is 1099 — Steel at $3,066.00 per Metric Ton divided by Natural Gas, US at $2.79 per Million British Thermal Units, from live mid-market prices.
How do you calculate the steel to natural gas, us ratio?
Divide the steel price per Metric Ton by the natural gas, us 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, us per Metric Ton of steel.
What is the inverse of the steel to natural gas, us ratio?
The inverse, natural gas, us to steel, is 0.0009100 — how many Metric Tons of steel one Million British Thermal Units of natural gas, us buys.