Commodity ratio · live
Zinc to Steel Ratio
The zinc to steel ratio is 1.254 — Zinc at $3,845.60 per Metric Ton divided by Steel at $3,066.00 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.
Zinc to Steel ratio
1.000 T of zinc = 1.254 T of steel
Inverse (STEEL/ZINC): 0.7973 — one Metric Ton of steel buys that much zinc.
Near the top of its 1 year range — historically stretched. (100th percentile of the last 1 year)
Zinc
$3,845.60
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 zinc. Prices as of Mon, 24 Aug 2026 11:28:01 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
1.061
median 1.053
1Y low
0.8763
Aug 24, 2025
1Y high
1.266
Aug 21, 2026
Normal band
0.9791–1.143
mean ± 1 std dev
Deviation from mean
+2.35σ
318 observations
Zinc to Steel ratio charts
Pick a range once — it applies to the ZINC/STEEL ratio line, the OHLC candles and the Zinc / Steel price chart below.
ZINC/STEEL ratio line
How many T of Steel one T of Zinc buys, over 1Y.
ZINC/STEEL ratio candles
Open, high, low and close of the ZINC/STEEL ratio for each period in the last 1Y.
Zinc 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 zinc to steel ratio
Zinc to Steel ratio = Zinc 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 zinc — rather than a plain count.
Worked example, live prices: $3,845.60 ÷ $3,066.00 = 1.254. The inverse is 0.7973.
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 zinc to steel ratio today?
The zinc to steel ratio is 1.254 — Zinc at $3,845.60 per Metric Ton divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the zinc to steel ratio?
Divide the zinc 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 zinc.
What is the inverse of the zinc to steel ratio?
The inverse, steel to zinc, is 0.7973 — how many Metric Tons of zinc one Metric Ton of steel buys.