Rail traction and Steel

Their prices have moved together.

Rail traction (energy) and Steel (commodity): 1 relationship.

How they are linked

1. Price link: main material

Cost and price · Weak · Both ways

Wagons, bogies, wheels and car bodies are largely steel. The steel index shows little link, because orders are priced years ahead with escalation clauses. Steel costs reach rolling stock prices only slowly, after contracts reset.

• 0.12 monthly change correlation
• 0.07 12-month change correlation
• 0.17 fitted elasticity

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