Commodity ratio · live
Wool to Steel Ratio
The wool to steel ratio is 0.5910 — Wool at $1,812.00 per 100 Kilogram divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:28 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wool to Steel ratio
1.000 100 Kg of wool = 0.5910 T of steel
Inverse (STEEL/WOOL): 1.692 — one Metric Ton of steel buys that much wool.
Above its 1 year average. (71th percentile of the last 1 year)
Wool
AU$1,812.00
per 100 Kilogram
Steel
¥3,066.00
per Metric Ton
Unit basis: AUD per 100 Kilogram ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per 100 Kilogram of wool. Prices as of Mon, 24 Aug 2026 10:28:36 GMT.
These two commodities are quoted in different currencies (AUD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.5377
median 0.5540
1Y low
0.03079
May 6, 2026
1Y high
0.6500
Jun 23, 2026
Normal band
0.4560–0.6194
mean ± 1 std dev
Deviation from mean
+0.65σ
316 observations
Wool to Steel ratio charts
Pick a range once — it applies to the WOOL/STEEL ratio line, the OHLC candles and the Wool / Steel price chart below.
WOOL/STEEL ratio line
How many T of Steel one 100 Kg of Wool buys, over 1Y.
WOOL/STEEL ratio candles
Open, high, low and close of the WOOL/STEEL ratio for each period in the last 1Y.
Wool 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 wool to steel ratio
Wool to Steel ratio = Wool price per 100 Kilogram ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per 100 Kilogram of wool — rather than a plain count.
Worked example, live prices: $1,812.00 ÷ $3,066.00 = 0.5910. The inverse is 1.692.
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 wool to steel ratio today?
The wool to steel ratio is 0.5910 — Wool at $1,812.00 per 100 Kilogram divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the wool to steel ratio?
Divide the wool price per 100 Kilogram 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 100 Kilogram of wool.
What is the inverse of the wool to steel ratio?
The inverse, steel to wool, is 1.692 — how many 100 Kilograms of wool one Metric Ton of steel buys.