# Hydrogen and Iron ore

Their prices have moved together.

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

[Hydrogen](https://www.materialinsights.org/chemicals/hydrogen/) (chemical) and [Iron ore](https://www.materialinsights.org/commodities/iron_ore/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: future reductant

*Cost and price · Weak · Both ways*

Green steel plans use hydrogen to reduce high-grade iron ore pellets directly, which would raise the premium for high-grade ore. Today the hydrogen index is a US industrial gas price and shows no link with ore (-0.06 monthly).

- **-0.06** monthly change correlation
- **-0.20** 12-month change correlation
- **-1.54** fitted elasticity

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