Steam turbines and thermal power plants and Steel

Steam turbines and thermal power plants needs steel; their prices have moved together.

Steam turbines and thermal power plants (energy) and Steel (commodity): 2 relationships.

How they are linked

1. Material need

Physical flow · Direct · Steel → Steam turbines and thermal power plants

Building or running Steam turbines and thermal power plants needs steel.

2. Price link: main material

Cost and price · Weak · Both ways

Casings, rotors and frames are heavy steel forgings and castings. Even so, the link barely shows in the data, with monthly moves correlating at 0.09, because turbine prices are fixed when ordered and delivered years later, with metal costs often covered by escalation clauses.

• 0.09 monthly change correlation
• -0.08 12-month change correlation
• 0.26 fitted elasticity

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