# Argon and Steel

Their prices have moved together.

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

[Argon](https://www.materialinsights.org/chemicals/argon/) (chemical) 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*

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.