Argon and Steel

Their prices have moved together.

Argon (chemical) and Steel (commodity): 1 relationship.

How they are linked

1. Price link: main use

Cost and price · Weak · Both ways

Steelmakers use argon to stir molten steel and make stainless steel, and welders use it as a shielding gas. The steel index shows no link with the argon and hydrogen index: monthly moves correlate at minus 0.02.

• -0.02 monthly change correlation
• -0.00 12-month change correlation
• -0.10 fitted elasticity

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