Internal combustion engines and gensets and Steel

Their prices have moved together.

Internal combustion engines and gensets (energy) and Steel (commodity): 1 relationship.

How they are linked

1. Price link: main material

Cost and price · Weak · Both ways

Blocks, crankshafts and many parts are iron and steel. Even so, monthly moves hardly correlate with the steel index, and yearly moves correlate at -0.11, because engine makers set prices on annual contracts and absorb or hedge metal swings.

• -0.00 monthly change correlation
• -0.11 12-month change correlation
• 0.27 fitted elasticity

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