Heat pumps, air conditioning and refrigeration and Steel

Their prices have moved together.

Heat pumps, air conditioning and refrigeration (energy) and Steel (commodity): 1 relationship.

How they are linked

1. Price link: cabinets and parts

Cost and price · Moderate · Both ways

Outer cases, compressor shells and frames are steel. Yearly moves correlate at 0.34 with the steel index, a modest link, since steel is one of several inputs and price changes reach finished equipment slowly.

• 0.17 monthly change correlation
• 0.34 12-month change correlation
• 0.72 fitted elasticity

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