# Biomass combustion and CHP and Steel

Their prices have moved together.

Source page: https://www.materialinsights.org/links/biomass-combustion-and-chp-and-steel/

[Biomass combustion and CHP](https://www.materialinsights.org/energy/e_bio_combustion/) (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*

Boilers, furnaces and heat exchangers are steel. The US boiler index follows steel moderately, with monthly moves correlating at 0.32 and yearly moves at 0.45. Steel prices thus feed directly into new boiler prices.

- **0.32** monthly change correlation
- **0.45** 12-month change correlation
- **0.75** fitted elasticity

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