Commodity ratio · live
Rhodium to Steel Ratio
The rhodium to steel ratio is 2.870 — Rhodium at $8,800.00 per Troy Ounce divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:31 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Rhodium to Steel ratio
1.000 T.oz of rhodium = 2.870 T of steel
Inverse (STEEL/XRH): 0.3484 — one Metric Ton of steel buys that much rhodium.
Close to the middle of its 1 year range. (54th percentile of the last 1 year)
Rhodium
$8,800.00
per Troy Ounce
Steel
¥3,066.00
per Metric Ton
Unit basis: USD per Troy Ounce ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Troy Ounce of rhodium. Prices as of Mon, 24 Aug 2026 10:31:09 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
2.905
median 2.741
1Y low
2.255
Sep 19, 2025
1Y high
4.018
Feb 25, 2026
Normal band
2.471–3.338
mean ± 1 std dev
Deviation from mean
-0.08σ
317 observations
Rhodium to Steel ratio charts
Pick a range once — it applies to the XRH/STEEL ratio line, the OHLC candles and the Rhodium / Steel price chart below.
XRH/STEEL ratio line
How many T of Steel one T.oz of Rhodium buys, over 1Y.
XRH/STEEL ratio candles
Open, high, low and close of the XRH/STEEL ratio for each period in the last 1Y.
Rhodium 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 rhodium to steel ratio
Rhodium to Steel ratio = Rhodium price per Troy Ounce ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Troy Ounce of rhodium — rather than a plain count.
Worked example, live prices: $8,800.00 ÷ $3,066.00 = 2.870. The inverse is 0.3484.
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 rhodium to steel ratio today?
The rhodium to steel ratio is 2.870 — Rhodium at $8,800.00 per Troy Ounce divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the rhodium to steel ratio?
Divide the rhodium price per Troy Ounce 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 Troy Ounce of rhodium.
What is the inverse of the rhodium to steel ratio?
The inverse, steel to rhodium, is 0.3484 — how many Troy Ounces of rhodium one Metric Ton of steel buys.