Boilers, furnaces and stoves and Steel

Their prices have moved together.

Boilers, furnaces and stoves (energy) and Steel (commodity): 1 relationship.

How they are linked

1. Price link: main material

Cost and price · Weak · Both ways

Boiler shells, heat exchangers and furnace casings are steel or cast iron. Yet yearly moves correlate at only 0.23 with the steel index, since equipment is sold on price lists that change once or twice a year and labour and parts matter too.

• 0.09 monthly change correlation
• 0.23 12-month change correlation
• 0.69 fitted elasticity

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