# Internal combustion engines and gensets and Steel

Their prices have moved together.

Source page: https://www.materialinsights.org/links/internal-combustion-engines-and-gensets-and-steel/

[Internal combustion engines and gensets](https://www.materialinsights.org/energy/e_engines/) (energy) and [Steel](https://www.materialinsights.org/commodities/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.