Commodity ratio · live
Iron Ore 62% FE to Steel Ratio
The iron ore 62% fe to steel ratio is 0.03108 — Iron Ore 62% FE at $95.28 per Metric Ton divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:32 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Iron Ore 62% FE to Steel ratio
1.000 T of iron ore 62% fe = 0.03108 T of steel
Inverse (STEEL/TIOC): 32.18 — one Metric Ton of steel buys that much iron ore 62% fe.
Near the bottom of its 1 year range — historically compressed. (0th percentile of the last 1 year)
Iron Ore 62% FE
$95.28
per Metric Ton
Steel
¥3,066.00
per Metric Ton
Unit basis: USD per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Metric Ton of iron ore 62% fe. Prices as of Mon, 24 Aug 2026 10:32:01 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.03372
median 0.03411
1Y low
0.03057
Aug 21, 2026
1Y high
0.03754
Aug 4, 2026
Normal band
0.03269–0.03474
mean ± 1 std dev
Deviation from mean
-2.57σ
202 observations
Iron Ore 62% FE to Steel ratio charts
Pick a range once — it applies to the TIOC/STEEL ratio line, the OHLC candles and the Iron Ore 62% FE / Steel price chart below.
TIOC/STEEL ratio line
How many T of Steel one T of Iron Ore 62% FE buys, over 1Y.
TIOC/STEEL ratio candles
Open, high, low and close of the TIOC/STEEL ratio for each period in the last 1Y.
Iron Ore 62% FE and Steel prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the iron ore 62% fe to steel ratio
Iron Ore 62% FE to Steel ratio = Iron Ore 62% FE price per Metric Ton ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Metric Ton of iron ore 62% fe — rather than a plain count.
Worked example, live prices: $95.28 ÷ $3,066.00 = 0.03108. The inverse is 32.18.
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 iron ore 62% fe to steel ratio today?
The iron ore 62% fe to steel ratio is 0.03108 — Iron Ore 62% FE at $95.28 per Metric Ton divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the iron ore 62% fe to steel ratio?
Divide the iron ore 62% fe price per Metric Ton by the steel 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 steel per Metric Ton of iron ore 62% fe.
What is the inverse of the iron ore 62% fe to steel ratio?
The inverse, steel to iron ore 62% fe, is 32.18 — how many Metric Tons of iron ore 62% fe one Metric Ton of steel buys.