Ship propulsion and Steel

Their prices have moved together.

Ship propulsion (energy) and Steel (commodity): 1 relationship.

How they are linked

1. Price link: hull material

Cost and price · Weak · Both ways

Hulls are built from steel plate, a major cost for commercial yards. The US proxy shows no link, with monthly moves correlating at -0.08, because it is driven by navy contracts priced on cost-plus terms rather than market steel prices.

• -0.08 monthly change correlation
• 0.02 12-month change correlation
• 0.32 fitted elasticity

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