In the first half of 2023, the grey cast iron market exhibited diverse trends across regions. In Asia-Pacific, prices declined due to surging raw material inventories, production halts amidst weak demand, and environmental concerns. Meanwhile, Europe saw rising prices buoyed by robust demand, new orders, and limited supply. However, this upward trajectory stabilized in the second quarter due to stagnant demand from automotive sectors and adoption of alternative materials. In North America, grey cast iron prices remained steady as stable demand countered financial pressures from banking issues. Manufacturing gains initially supported the market, but later, waning demand in construction and automotive sectors affected the price trend.
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Definition
Grey cast iron possesses high compressive strength, excellent damping capacity, and good wear resistance. Its unique graphite microstructure provides self-lubricating properties, making it suitable for applications involving sliding or rotating parts. It has low cost and high castability, allowing intricate designs. However, its brittle nature and low tensile strength limit its use in applications requiring high tensile loads. Its thermal conductivity and ability to absorb vibrations make it valuable in construction, automotive, and machinery industries for components like engine blocks, pipes, and brake components.
Key Details About the Grey Cast Iron Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Grey Cast Iron in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Grey Cast Iron Price chart, including India Grey Cast Iron price, USA Grey Cast Iron price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Grey Cast Iron Price Trend:
Grey Cast Iron finds widespread industrial applications due to its specific properties. It’s commonly used for manufacturing engine blocks, cylinder heads, and brake components in the automotive sector. Its excellent damping properties make it suitable for machinery bases and components, reducing vibrations and noise. Grey cast iron pipes are utilized in plumbing and drainage systems due to their corrosion resistance. In construction, it’s employed for manhole covers, decorative elements, and structural components. Additionally, it’s used in manufacturing tools, gears, and various machinery parts. Despite its brittle nature, grey cast iron’s cost-effectiveness and unique characteristics make it valuable across industries.
Key Players:
- TATA Steel
- S.A.I.L
- Doston Iron Castings
- Ashland Foundry and Machine Works
- Dandong Foundry
- Willman Industries
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