Steel and Timber

Their prices have moved together.

Steel (commodity) and Timber (commodity): 1 relationship.

How they are linked

1. Price link: substitute

Cost and price · Moderate · Both ways

In buildings, steel and timber compete for beams and frames, both driven by construction. The link with tropical hardwood is weak: monthly moves correlate at 0.13 and yearly moves at 0.38.

• 0.13 monthly change correlation
• 0.38 12-month change correlation
• -0.15 fitted elasticity

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