China Grey Cast Iron Prices Movement Q3

Grey Cast Iron Prices in United States:

In September 2024, the Prices of Grey Cast Iron in the United States reached $2,250 per metric ton. This price drop was mainly caused by lower demand in the manufacturing sector and broader economic challenges. While steel manufacturing remained stable and there was a steady supply of iron, these factors helped prevent the build-up of excess inventory. However, the high-interest rate environment created additional financial difficulties for businesses, further contributing to the decline in prices.

Grey Cast Iron Prices in China:

In September 2024, the price of grey cast iron in China reached $1,540 per metric ton. The market faced downward pressure on prices because of seasonal factors and a slowdown in key industries like automotive and construction, which use a lot of grey cast iron. Although there was a temporary improvement in market sentiment due to some positive government policies, high inventories at ports limited any significant price increases. Overall, the market showed a steady decline in prices throughout the quarter.

Grey Cast Iron Prices in Germany:

In September 2024, the price of grey cast iron in Germany reached $2,510 per metric ton. The market saw stable prices, supported by consistent demand from steel mills. While the prices were more resilient compared to the previous year, the region faced slower demand, especially from key sectors like automotive and construction. Distributors reported low activity, indicating weak interest in the market. However, despite these challenges, prices for the construction market remained steady due to limited supply.

How IMARC Pricing Database Can Help

The latest IMARC Group study, “Grey Cast Iron Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Grey Cast Iron price trend, offering key insights into global Grey Cast Iron market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Grey Cast Iron demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

Request to Get the Sample Report: https://www.imarcgroup.com/grey-cast-iron-pricing-report/requestsample

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