Commodity ratio · live
Steel to Iron Ore 62% FE Ratio
The steel to iron ore 62% fe ratio is 32.18 — Steel at $3,066.00 per Metric Ton divided by Iron Ore 62% FE at $95.28 per Metric Ton.
Prices as of Aug 24, 2026, 10:32 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Iron Ore 62% FE ratio
1.000 T of steel = 32.179 T of iron ore 62% fe
Inverse (TIOC/STEEL): 0.03108 — one Metric Ton of iron ore 62% fe buys that much steel.
Near the top of its 1 year range — historically stretched. (100th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Iron Ore 62% FE
$95.28
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of iron ore 62% fe per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 10:32:02 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
29.69
median 29.32
1Y low
26.64
Aug 4, 2026
1Y high
32.71
Aug 21, 2026
Normal band
28.76–30.62
mean ± 1 std dev
Deviation from mean
+2.67σ
202 observations
Steel to Iron Ore 62% FE ratio charts
Pick a range once — it applies to the STEEL/TIOC ratio line, the OHLC candles and the Steel / Iron Ore 62% FE price chart below.
STEEL/TIOC ratio line
How many T of Iron Ore 62% FE one T of Steel buys, over 1Y.
STEEL/TIOC ratio candles
Open, high, low and close of the STEEL/TIOC ratio for each period in the last 1Y.
Steel and Iron Ore 62% FE 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 iron ore 62% fe ratio
Steel to Iron Ore 62% FE ratio = Steel price per Metric Ton ÷ Iron Ore 62% FE price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of iron ore 62% fe per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $95.28 = 32.18. The inverse is 0.03108.
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 iron ore 62% fe ratio today?
The steel to iron ore 62% fe ratio is 32.18 — Steel at $3,066.00 per Metric Ton divided by Iron Ore 62% FE at $95.28 per Metric Ton, from live mid-market prices.
How do you calculate the steel to iron ore 62% fe ratio?
Divide the steel price per Metric Ton by the iron ore 62% fe 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 iron ore 62% fe per Metric Ton of steel.
What is the inverse of the steel to iron ore 62% fe ratio?
The inverse, iron ore 62% fe to steel, is 0.03108 — how many Metric Tons of steel one Metric Ton of iron ore 62% fe buys.