Commodity ratio · live
Steel to Zinc Ratio
The steel to zinc ratio is 0.7973 — Steel at $3,066.00 per Metric Ton divided by Zinc at $3,845.60 per Metric Ton.
Prices as of Aug 24, 2026, 11:28 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Zinc ratio
1.000 T of steel = 0.7973 T of zinc
Inverse (ZINC/STEEL): 1.254 — one Metric Ton of zinc buys that much steel.
Near the bottom of its 1 year range — historically compressed. (0th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Zinc
$3,845.60
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of zinc per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 11:28:01 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
0.9478
median 0.9493
1Y low
0.7901
Aug 21, 2026
1Y high
1.141
Aug 24, 2025
Normal band
0.8759–1.020
mean ± 1 std dev
Deviation from mean
-2.09σ
318 observations
Steel to Zinc ratio charts
Pick a range once — it applies to the STEEL/ZINC ratio line, the OHLC candles and the Steel / Zinc price chart below.
STEEL/ZINC ratio line
How many T of Zinc one T of Steel buys, over 1Y.
STEEL/ZINC ratio candles
Open, high, low and close of the STEEL/ZINC ratio for each period in the last 1Y.
Steel and Zinc 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 zinc ratio
Steel to Zinc ratio = Steel price per Metric Ton ÷ Zinc price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of zinc per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $3,845.60 = 0.7973. The inverse is 1.254.
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 zinc ratio today?
The steel to zinc ratio is 0.7973 — Steel at $3,066.00 per Metric Ton divided by Zinc at $3,845.60 per Metric Ton, from live mid-market prices.
How do you calculate the steel to zinc ratio?
Divide the steel price per Metric Ton by the zinc 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 zinc per Metric Ton of steel.
What is the inverse of the steel to zinc ratio?
The inverse, zinc to steel, is 1.254 — how many Metric Tons of steel one Metric Ton of zinc buys.