Steel and Tankers, barges and fuel trucks

Their prices have moved together.

Steel (commodity) and Tankers, barges and fuel trucks (energy): 1 relationship.

How they are linked

1. Price link: shipbuilding cost

Cost and price · Moderate · Both ways

Ships are built mostly of steel plate, so steel prices affect newbuilding prices and the long-run supply of vessels. The freight proxy correlates with steel at 0.33 for monthly moves and 0.56 for yearly moves, as both follow global trade.

• 0.33 monthly change correlation
• 0.56 12-month change correlation
• 0.76 fitted elasticity

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