# Abrasives and Steel

Their prices have moved together.

Source page: https://www.materialinsights.org/links/abrasives-and-steel/

[Abrasives](https://www.materialinsights.org/commodities/abrasives/) (commodity) and [Steel](https://www.materialinsights.org/commodities/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.