Commodity ratio · live
Steel to Urea Ratio
The steel to urea ratio is 7.496 — Steel at $3,066.00 per Metric Ton divided by Urea at $409.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:26 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Urea ratio
1.000 T of steel = 7.496 T of urea
Inverse (UREA/STEEL): 0.1334 — one Metric Ton of urea buys that much steel.
Close to the middle of its 1 year range. (43th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Urea
$409.00
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of urea per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 11:26:49 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
7.102
median 7.682
1Y low
4.278
Apr 14, 2026
1Y high
8.943
Dec 4, 2025
Normal band
5.829–8.374
mean ± 1 std dev
Deviation from mean
+0.31σ
317 observations
Steel to Urea ratio charts
Pick a range once — it applies to the STEEL/UREA ratio line, the OHLC candles and the Steel / Urea price chart below.
STEEL/UREA ratio line
How many T of Urea one T of Steel buys, over 1Y.
STEEL/UREA ratio candles
Open, high, low and close of the STEEL/UREA ratio for each period in the last 1Y.
Steel and Urea 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 urea ratio
Steel to Urea ratio = Steel price per Metric Ton ÷ Urea price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of urea per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $409.00 = 7.496. The inverse is 0.1334.
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 urea ratio today?
The steel to urea ratio is 7.496 — Steel at $3,066.00 per Metric Ton divided by Urea at $409.00 per Metric Ton, from live mid-market prices.
How do you calculate the steel to urea ratio?
Divide the steel price per Metric Ton by the urea 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 urea per Metric Ton of steel.
What is the inverse of the steel to urea ratio?
The inverse, urea to steel, is 0.1334 — how many Metric Tons of steel one Metric Ton of urea buys.