Hydrogen and Steel

Their prices have moved together.

Hydrogen (chemical) and Steel (commodity): 1 relationship.

How they are linked

1. Price link: green reductant

Cost and price · Weak · Both ways

Hydrogen-based direct reduction is the main route proposed for low-carbon steel, replacing coke in ironmaking. It is still small, and the hydrogen index is a US industrial gas price, so there is no correlation yet (-0.02 monthly).

• -0.02 monthly change correlation
• -0.00 12-month change correlation
• -0.82 fitted elasticity

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