Grey Cast Iron Prices Trend | Pricing | News | Database | Chart

 North America

In Q3 2024, Grey Cast Iron prices in North America experienced a decline, driven by several significant factors. The market’s stability was supported by steady steel production and a reliable iron supply, which helped prevent excessive inventory accumulation.

However, weakening demand in the manufacturing sector posed challenges, characterized by fewer new orders and declining employment levels. Additionally, the high-interest-rate environment exacerbated difficulties, increasing financing costs and reducing investment activity. The quarter-on-quarter change also reflected a decline compared to the same period last year, suggesting an overall downward trend.

In the USA, notable price adjustments were observed, showing a slight decrease from the first to the second half of the quarter. By the end of the quarter, the price for Grey Cast Iron Plate DEL San Diego stood at USD 2586/MT, indicating a persistent downward pricing sentiment. Overall, the quarter was marked by negative trends, with demand, employment, and economic conditions all impacting Grey Cast Iron prices.

Get Real time Prices for Grey Cast Iron: https://www.chemanalyst.com/Pricing-data/grey-cast-iron-1347

Asia-Pacific

The Grey Cast Iron market in the Asia-Pacific region saw a decline in prices during Q3 2024, continuing a trend from the same quarter last year. The downturn was influenced by a slowdown in industrial activity, decreased demand from key sectors like automotive and construction, and an oversupply of raw materials, particularly iron ore.

Positive policy measures introduced in the last week of September boosted market sentiment and supported futures prices. However, high port inventory levels limited the potential for spot price growth, narrowing the gap between spot and futures prices. While iron ore futures may sustain their upward trend in the short term, the scope for spot price increases remains limited.

China, which experienced the most significant price fluctuations, showed a consistent downward trend due to seasonal impacts. The price changes from the first to the second half of the quarter reflected stability in the negative trajectory. By the end of the quarter, the price for GB-T9349GI Iron Ex Shanghai was USD 1563/MT, highlighting the challenging pricing environment and prevailing negative sentiment in the market.

Europe

In Q3 2024, the European market for Grey Cast Iron remained stable, driven by consistent demand from steel mills, which helped maintain a balance between supply and demand.

Challenges in the automotive and construction sectors led to stagnant prices, even as other industries saw fluctuations. Germany experienced the most significant price changes, aligning with the regional trend. Compared to the same quarter last year, prices showed an increase, indicating some resilience in the market. The difficult environment resulted in a notable lack of buying activity, with stockists and distributors reporting unusually empty inventories. Analysts characterized the automotive market as “bad” and the construction sector as “terrible.” Despite weak demand, premiums in the construction sector remained flat due to tight supply conditions.

Prices remained unchanged compared to the previous quarter, reflecting stability. The comparison between the first and second halves of the quarter showed no significant variance, further confirming the steady pricing trend. The quarter-ending price for Grey Cast Iron plate FD-Konigsbronn in Germany was USD 2549/MT, underlining the consistent and stable pricing sentiment throughout the quarter.

Get Real time Prices for Grey Cast Iron: https://www.chemanalyst.com/Pricing-data/grey-cast-iron-1347

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