# Coking coal and Iron ore

Their prices have moved together.

Source page: https://www.materialinsights.org/links/coking-coal-and-iron-ore/

[Coking coal](https://www.materialinsights.org/energy/coking_coal/) (energy) and [Iron ore](https://www.materialinsights.org/commodities/iron_ore/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: co-input

*Cost and price · Moderate · Both ways*

Iron ore and coking coal are the two raw materials of blast-furnace steel, bought by the same mills. They share a demand driver but have separate supply shocks; with thermal coal standing in, monthly moves correlate at 0.27 and yearly moves at 0.37.

- **0.27** monthly change correlation
- **0.37** 12-month change correlation
- **0.59** fitted elasticity

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