Commodity ratio · live
Steel to Ural Oil Ratio
The steel to ural oil ratio is 35.71 — Steel at $3,066.00 per Metric Ton divided by Ural Oil at $85.87 per Barrel.
Prices as of Aug 24, 2026, 11:56 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Ural Oil ratio
1.000 T of steel = 35.705 Bbl of ural oil
Inverse (URAL-OIL/STEEL): 0.02801 — one Barrel of ural oil buys that much steel.
Below its 1 year average. (26th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Ural Oil
$85.87
per Barrel
Unit basis: CNY per Metric Ton ÷ USD per Barrel. The ratio reads as Barrels of ural oil per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 11:56:35 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
46.14
median 49.54
1Y low
24.69
Apr 8, 2026
1Y high
63.27
Jan 2, 2026
Normal band
35.26–57.03
mean ± 1 std dev
Deviation from mean
-0.96σ
314 observations
Steel to Ural Oil ratio charts
Pick a range once — it applies to the STEEL/URAL-OIL ratio line, the OHLC candles and the Steel / Ural Oil price chart below.
STEEL/URAL-OIL ratio line
How many Bbl of Ural Oil one T of Steel buys, over 1Y.
STEEL/URAL-OIL ratio candles
Open, high, low and close of the STEEL/URAL-OIL ratio for each period in the last 1Y.
Steel and Ural Oil 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 ural oil ratio
Steel to Ural Oil ratio = Steel price per Metric Ton ÷ Ural Oil price per Barrel
The two legs use different units, so the result is a rate — Barrels of ural oil per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $85.87 = 35.71. The inverse is 0.02801.
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 | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the steel to ural oil ratio today?
The steel to ural oil ratio is 35.71 — Steel at $3,066.00 per Metric Ton divided by Ural Oil at $85.87 per Barrel, from live mid-market prices.
How do you calculate the steel to ural oil ratio?
Divide the steel price per Metric Ton by the ural oil price per Barrel. If the two units differ, the result is a rate rather than a plain count — read it as Barrels of ural oil per Metric Ton of steel.
What is the inverse of the steel to ural oil ratio?
The inverse, ural oil to steel, is 0.02801 — how many Metric Tons of steel one Barrel of ural oil buys.