# Advanced geothermal and Steel

Their prices have moved together.

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

[Advanced geothermal](https://www.materialinsights.org/energy/e_adv_geo/) (energy) and [Steel](https://www.materialinsights.org/commodities/steel/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: main input

*Cost and price · Moderate · Both ways*

Casing and tubing for deep hot wells are steel, a large part of well cost. The drilling index and steel correlate at 0.10 monthly and 0.30 yearly. Hot wells need special grades.

- **0.10** monthly change correlation
- **0.30** 12-month change correlation
- **0.12** fitted elasticity

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