Commodity ratio · live
Steel to Rhodium Ratio
The steel to rhodium ratio is 0.3484 — Steel at $3,066.00 per Metric Ton divided by Rhodium at $8,800.00 per Troy Ounce.
Prices as of Aug 24, 2026, 10:31 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Rhodium ratio
1.000 T of steel = 0.3484 T.oz of rhodium
Inverse (XRH/STEEL): 2.870 — one Troy Ounce of rhodium buys that much steel.
Close to the middle of its 1 year range. (46th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Rhodium
$8,800.00
per Troy Ounce
Unit basis: CNY per Metric Ton ÷ USD per Troy Ounce. The ratio reads as Troy Ounces of rhodium per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 10:31:08 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
0.3517
median 0.3648
1Y low
0.2489
Feb 25, 2026
1Y high
0.4434
Sep 19, 2025
Normal band
0.3017–0.4017
mean ± 1 std dev
Deviation from mean
-0.07σ
317 observations
Steel to Rhodium ratio charts
Pick a range once — it applies to the STEEL/XRH ratio line, the OHLC candles and the Steel / Rhodium price chart below.
STEEL/XRH ratio line
How many T.oz of Rhodium one T of Steel buys, over 1Y.
STEEL/XRH ratio candles
Open, high, low and close of the STEEL/XRH ratio for each period in the last 1Y.
Steel and Rhodium 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 rhodium ratio
Steel to Rhodium ratio = Steel price per Metric Ton ÷ Rhodium price per Troy Ounce
The two legs use different units, so the result is a rate — Troy Ounces of rhodium per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $8,800.00 = 0.3484. The inverse is 2.870.
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 rhodium ratio today?
The steel to rhodium ratio is 0.3484 — Steel at $3,066.00 per Metric Ton divided by Rhodium at $8,800.00 per Troy Ounce, from live mid-market prices.
How do you calculate the steel to rhodium ratio?
Divide the steel price per Metric Ton by the rhodium 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 rhodium per Metric Ton of steel.
What is the inverse of the steel to rhodium ratio?
The inverse, rhodium to steel, is 2.870 — how many Metric Tons of steel one Troy Ounce of rhodium buys.