Grey Cast Iron prices had minor movements in January, due to changes in feedstock prices, weather-related problems, and demand trends. Grey Cast Iron prices were supported by USD 4/MT from 2nd January to 16th January, due to positive developments on scrap, pig iron, and silicon prices, but then fell by USD 2/MT in the week ending 23rd January, due to easing demand trends. Weather-related problems in the US impacted scrap prices, where sentiment on spot supply was affected by weather-related problems, although January inventories of scrap materials were adequate. Another factor impacting Grey Cast Iron prices was pig iron prices, with Brazil witnessing a record export level in 2025, but with a threat of tariffs in the US, which is the primary destination of Brazilian pig iron exports. In addition, expectations of a Supreme Court ruling on pig iron tariffs in early 2026 impacted pig iron prices. On the demand front, passenger car demand trends were stable, with a small change in North American vehicle production forecasts. However, construction demand trends remained weak, due to factors such as affordability, high prices, and labor shortages.
The prices of grey cast iron demonstrated a mixed but fairly stable trend in January, which was affected by the fluctuating costs of feedstock, weather-related logistics, and downstream demand. During the period from * January to ** January, the grey cast iron prices gradually rose by about USD */MT, which indicated a positive cost trend.Nevertheless, this positive trend weakened towards the end of the month, and prices fell by USD */MT during the week ending ** January as market participants became cautious.
On the feedstock side, steel scrap markets in the US faced pressure due to extremely harsh weather conditions. The eastern region has faced severe weather conditions. Although January scrap inventory levels have been comfortable, market sentiment has turned bullish for February, with expectations of higher settlement prices once weather conditions improve. This has provided support to听grey cast听iron听prices at...
Leave a Comment
Comments (0)