Combustion road vehicles and Steel

Their prices have moved together.

Combustion road vehicles (energy) and Steel (commodity): 1 relationship.

How they are linked

1. Price link: body material

Cost and price · Weak · Both ways

Car bodies and frames are mostly steel, but the vehicle index does not follow it, with monthly moves correlating at -0.16. Carmakers buy steel on annual contracts and change prices with model years, so metal costs are hidden in margins.

• -0.16 monthly change correlation
• -0.01 12-month change correlation
• 0.23 fitted elasticity

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