Commodity ratio · live
Steel to Palladium Ratio
The steel to palladium ratio is 2.268 — Steel at $3,066.00 per Metric Ton divided by Palladium at $1,352.00 per Troy Ounce.
Prices as of Aug 24, 2026, 10:31 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Palladium ratio
1.000 T of steel = 2.268 T.oz of palladium
Inverse (PA/STEEL): 0.4410 — one Troy Ounce of palladium buys that much steel.
Close to the middle of its 1 year range. (63th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Palladium
$1,352.00
per Troy Ounce
Unit basis: CNY per Metric Ton ÷ USD per Troy Ounce. The ratio reads as Troy Ounces of palladium per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 10:31:13 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
2.168
median 2.178
1Y low
1.434
Jan 26, 2026
1Y high
2.931
Aug 27, 2025
Normal band
1.874–2.462
mean ± 1 std dev
Deviation from mean
+0.34σ
311 observations
Steel to Palladium ratio charts
Pick a range once — it applies to the STEEL/PA ratio line, the OHLC candles and the Steel / Palladium price chart below.
STEEL/PA ratio line
How many T.oz of Palladium one T of Steel buys, over 1Y.
STEEL/PA ratio candles
Open, high, low and close of the STEEL/PA ratio for each period in the last 1Y.
Steel and Palladium 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 palladium ratio
Steel to Palladium ratio = Steel price per Metric Ton ÷ Palladium price per Troy Ounce
The two legs use different units, so the result is a rate — Troy Ounces of palladium per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $1,352.00 = 2.268. The inverse is 0.4410.
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 | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the steel to palladium ratio today?
The steel to palladium ratio is 2.268 — Steel at $3,066.00 per Metric Ton divided by Palladium at $1,352.00 per Troy Ounce, from live mid-market prices.
How do you calculate the steel to palladium ratio?
Divide the steel price per Metric Ton by the palladium price per Troy Ounce. If the two units differ, the result is a rate rather than a plain count — read it as Troy Ounces of palladium per Metric Ton of steel.
What is the inverse of the steel to palladium ratio?
The inverse, palladium to steel, is 0.4410 — how many Metric Tons of steel one Troy Ounce of palladium buys.