1.Steel Price Volatility Scatter Plot
Cost Estimation Analysis · 2026
The dashboard displays a scatter plot titled 'Monthly co-movement of price changes' to visualize the relationship between month-over-month percentage changes of iron and steel versus steel mill products. A dashed orange trendline indicates a strong positive linear relationship with a 0.89 correlation, while a color scale shows that larger combined price movements are represented by larger, lighter-blue circles. This visualization helped a CNC fabrication estimator quantify severe volatility where single-month jumps reached 16%, allowing them to justify shorter quote validity windows or material-indexed pricing clauses to protect job margins.
What it shows:
Visualizing commodity price correlations justifies protective pricing clauses during severe market volatility.




