Quantitative Analysis of Influencing Factors of Steel Price Index based on Multiple Regression 

Anna Li 

School of Finance, Anhui University of Finance and Economics, Bengbu, 233030, China 

Abstract: The Sino US trade war has a great influence on the price of domestic steel, but in recent years, China's steel industry has been in a very disadvantageous position in the international steel market. Steel price index, as the main measure index of steel industry, is affected by the relationship between steel supply and demand, macro-economy and some other aspects. In this paper, through the establishment of measurement model, the influencing factors of steel price index are analyzed, and the main influencing factors are found out. Finally, according to the obtained model, relevant application scope and suggestions are put forward. 

Keywords: Steel price index; Multiple linear regression; Measurement test; Generalized difference method