Commodity ratio · live
Urea to Steel Ratio
The urea to steel ratio is 0.1334 — Urea at $409.00 per Metric Ton divided by Steel at $3,066.00 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.
Urea to Steel ratio
1.000 T of urea = 0.1334 T of steel
Inverse (STEEL/UREA): 7.496 — one Metric Ton of steel buys that much urea.
Close to the middle of its 1 year range. (57th percentile of the last 1 year)
Urea
$409.00
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 urea. Prices as of Mon, 24 Aug 2026 11:26:50 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
0.1467
median 0.1302
1Y low
0.1118
Dec 4, 2025
1Y high
0.2337
Apr 14, 2026
Normal band
0.1135–0.1798
mean ± 1 std dev
Deviation from mean
-0.40σ
317 observations
Urea to Steel ratio charts
Pick a range once — it applies to the UREA/STEEL ratio line, the OHLC candles and the Urea / Steel price chart below.
UREA/STEEL ratio line
How many T of Steel one T of Urea buys, over 1Y.
UREA/STEEL ratio candles
Open, high, low and close of the UREA/STEEL ratio for each period in the last 1Y.
Urea 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 urea to steel ratio
Urea to Steel ratio = Urea 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 urea — rather than a plain count.
Worked example, live prices: $409.00 ÷ $3,066.00 = 0.1334. The inverse is 7.496.
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 urea to steel ratio today?
The urea to steel ratio is 0.1334 — Urea at $409.00 per Metric Ton divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the urea to steel ratio?
Divide the urea 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 urea.
What is the inverse of the urea to steel ratio?
The inverse, steel to urea, is 7.496 — how many Metric Tons of urea one Metric Ton of steel buys.