Abrasives and Steel

Their prices have moved together.

Abrasives (commodity) and Steel (commodity): 1 relationship.

How they are linked

1. Price link: main use

Cost and price · Weak · Both ways

Grinding, cutting and blasting of steel and castings is the largest use of abrasives. The index barely follows steel mill prices, monthly moves at -0.07 and yearly moves at -0.16, since abrasive demand depends on fabrication volume rather than steel prices.

• -0.07 monthly change correlation
• -0.16 12-month change correlation
• 0.68 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.