# Hydrogen and Steel

Their prices have moved together.

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

[Hydrogen](https://www.materialinsights.org/chemicals/hydrogen/) (chemical) and [Steel](https://www.materialinsights.org/commodities/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.