Commodity ratio · live
Steel to Platinum Ratio
The steel to platinum ratio is 1.626 — Steel at $3,066.00 per Metric Ton divided by Platinum at $1,885.38 per Troy Ounce.
Prices as of Aug 24, 2026, 10:28 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Platinum ratio
1.000 T of steel = 1.626 T.oz of platinum
Inverse (PL/STEEL): 0.6149 — one Troy Ounce of platinum buys that much steel.
Close to the middle of its 1 year range. (39th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Platinum
$1,885.38
per Troy Ounce
Unit basis: CNY per Metric Ton ÷ USD per Troy Ounce. The ratio reads as Troy Ounces of platinum per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 10:28:39 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
1.722
median 1.722
1Y low
1.063
Jan 26, 2026
1Y high
2.356
Aug 26, 2025
Normal band
1.458–1.985
mean ± 1 std dev
Deviation from mean
-0.36σ
311 observations
Steel to Platinum ratio charts
Pick a range once — it applies to the STEEL/PL ratio line, the OHLC candles and the Steel / Platinum price chart below.
STEEL/PL ratio line
How many T.oz of Platinum one T of Steel buys, over 1Y.
STEEL/PL ratio candles
Open, high, low and close of the STEEL/PL ratio for each period in the last 1Y.
Steel and Platinum 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 platinum ratio
Steel to Platinum ratio = Steel price per Metric Ton ÷ Platinum price per Troy Ounce
The two legs use different units, so the result is a rate — Troy Ounces of platinum per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $1,885.38 = 1.626. The inverse is 0.6149.
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 platinum ratio today?
The steel to platinum ratio is 1.626 — Steel at $3,066.00 per Metric Ton divided by Platinum at $1,885.38 per Troy Ounce, from live mid-market prices.
How do you calculate the steel to platinum ratio?
Divide the steel price per Metric Ton by the platinum 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 platinum per Metric Ton of steel.
What is the inverse of the steel to platinum ratio?
The inverse, platinum to steel, is 0.6149 — how many Metric Tons of steel one Troy Ounce of platinum buys.