Commodity ratio · live
Steel to Wool Ratio
The steel to wool ratio is 1.692 — Steel at $3,066.00 per Metric Ton divided by Wool at $1,812.00 per 100 Kilogram.
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 Wool ratio
1.000 T of steel = 1.692 100 Kg of wool
Inverse (WOOL/STEEL): 0.5910 — one 100 Kilogram of wool buys that much steel.
Below its 1 year average. (29th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Wool
AU$1,812.00
per 100 Kilogram
Unit basis: CNY per Metric Ton ÷ AUD per 100 Kilogram. The ratio reads as 100 Kilograms of wool per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 10:28:35 GMT.
These two commodities are quoted in different currencies (CNY and AUD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
2.159
median 1.805
1Y low
1.538
Jun 23, 2026
1Y high
32.48
May 6, 2026
Normal band
0.000–5.106
mean ± 1 std dev
Deviation from mean
-0.16σ
316 observations
Steel to Wool ratio charts
Pick a range once — it applies to the STEEL/WOOL ratio line, the OHLC candles and the Steel / Wool price chart below.
STEEL/WOOL ratio line
How many 100 Kg of Wool one T of Steel buys, over 1Y.
STEEL/WOOL ratio candles
Open, high, low and close of the STEEL/WOOL ratio for each period in the last 1Y.
Steel and Wool 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 wool ratio
Steel to Wool ratio = Steel price per Metric Ton ÷ Wool price per 100 Kilogram
The two legs use different units, so the result is a rate — 100 Kilograms of wool per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $1,812.00 = 1.692. The inverse is 0.5910.
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 wool ratio today?
The steel to wool ratio is 1.692 — Steel at $3,066.00 per Metric Ton divided by Wool at $1,812.00 per 100 Kilogram, from live mid-market prices.
How do you calculate the steel to wool ratio?
Divide the steel price per Metric Ton by the wool price per 100 Kilogram. If the two units differ, the result is a rate rather than a plain count — read it as 100 Kilograms of wool per Metric Ton of steel.
What is the inverse of the steel to wool ratio?
The inverse, wool to steel, is 0.5910 — how many Metric Tons of steel one 100 Kilogram of wool buys.