Grey Cast Iron Prices online - PowerPoint PPT Presentation

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Grey Cast Iron Prices online

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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. – PowerPoint PPT presentation

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Title: Grey Cast Iron Prices online


1
Grey 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

2
In India, Grey Cast Iron prices witnessed an
uptrend during the second quarter of 2022
3
Grey 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

4
In the European market, the Grey Cast Iron pricing
5
Demand of Grey Cast Iron online
6
Grey Cast Iron Price Trend and Forecast
7
In 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. 

8
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