Title: Grey Cast Iron Prices online
1Grey Cast Iron Price Trend and Forecast
- Grey Cast Iron price are declining in the US
domestic market due to dwindling raw material
costs. A combination of adequate prime scrap
supply, slight improvements in iron metallic
substitute imports, shifts in melt-mixes, and
falling pig iron and finished steel prices are
devising to leave busheling prices gullible to
the additional downside in June, which could
further narrow the busheling/shredded scrap
spread. As per market players since April, a
pullback in pig iron pricing has heavily weighed
on US mills' tolerance for higher prices, with
further declines likely to weigh on bushel prices
in July. Prices also extended declines for a
seventh week, with lead times between 3-6 weeks.
On the supply side, seasonal shutdowns among
significant automakers in June could counter some
downsides that would likely slow down the month.
However, the ferrous trade for June spread
showcases signs of normalizing again. - https//www.chemanalyst.com/Pricing-data/grey-cast
-iron-1347
2In India, Grey Cast Iron prices witnessed an
uptrend during the second quarter of 2022
3Grey Cast Iron Supply in Global Market
- In India, Grey Cast Iron prices witnessed an
uptrend during the second quarter of 2022,
primarily due to the expansion in the
manufacturing sector. In April, the Grey Cast
Iron prices decreased owing to the dwindling
demand outlook from the domestic and overseas
end-user manufacturers. However, in May and June,
prices surged as output, and new orders rose
simultaneously amid the loosening of COVID-19
restrictions. At the same time, domestic
purchasing rose sharply, with supplier delivery
times further prolonged. The government's
decision to raise duties to curb exports
significantly led to further price corrections in
the domestic market. As per market participants,
GCI prices are expected to fall in the coming
weeks following the reduction in import duties on
some vital raw materials used in its
manufacturing. - https//www.chemanalyst.com/Pricing-data/grey-cast
-iron-1347
4In the European market, the Grey Cast Iron pricing
5 Demand of Grey Cast Iron online
6 Grey Cast Iron Price Trend and Forecast
7In the US market, the prices of Grey Cast Iron
showcased a stable trend during Q1 of 2022
- In the US market, the prices of Grey Cast Iron
showcased a stable trend during Q1 of 2022 due to
the steady trend owing stretched supply chain
caused by the Russia-Ukraine. Also, inflationary
pressures remained notable,
- In Asia, the Grey Cast Iron prices witnessed a
soaring trajectory during the first quarter of
2022 owing to the increased raw material prices
amidst the conflict of Eastern European nations.
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