During the first half of 2023, the global grey cast iron market underwent varied shifts in different regions. In Asia-Pacific, prices dipped due to increased stockpiles of raw materials, production pauses caused by reduced demand, and environmental worries. Meanwhile, Europe experienced price hikes driven by strong demand, fresh orders, and limited availability. However, this upward trend leveled off in the second quarter due to sluggish demand in the automotive industry and the adoption of alternative materials. In North America, grey cast iron prices held steady despite financial challenges in banking. Initially supported by manufacturing growth, the market later felt the impact of decreased demand in construction and automotive sectors, influencing price stability.
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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 analysis, 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 is extensively employed across industries for its distinct characteristics. It serves as a pivotal material in automotive manufacturing, contributing to the production of engine blocks, cylinder heads, and brake components. Its exceptional damping properties are leveraged in machinery bases, effectively reducing vibrations and noise. The corrosion-resistant nature of grey cast iron pipes makes them integral in plumbing and drainage systems. In construction, it finds utility in crafting manhole covers, decorative elements, and structural components. Furthermore, it's a key player in the creation of tools, gears, and various machinery parts. Despite its inherent brittleness, the cost-effectiveness and unique attributes of grey cast iron render it indispensable in multiple industrial applications.
Key Players:
- TATA Steel
- S.A.I.L
- Doston Iron Castings
- Ashland Foundry and Machine Works
- Dandong Foundry
- Willman Industries
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