# Steel and Timber

Their prices have moved together.

Source page: https://www.materialinsights.org/links/steel-and-timber/

[Steel](https://www.materialinsights.org/commodities/steel/) (commodity) and [Timber](https://www.materialinsights.org/commodities/lumber/) (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.