# Steel and Tankers, barges and fuel trucks

Their prices have moved together.

Source page: https://www.materialinsights.org/links/steel-and-tankers-barges-and-fuel-trucks/

[Steel](https://www.materialinsights.org/commodities/steel/) (commodity) and [Tankers, barges and fuel trucks](https://www.materialinsights.org/energy/e_tankers/) (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.