Gray Cast Iron Prices in USA
- United States: 2597 USD/MT
At the end of the final quarter, the price of gray cast iron in the USA was 2,597 USD/MT. The latest report by IMARC Group, titled " Gray Cast Iron Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data " delivers a comprehensive analysis of gray cast iron prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Gray Cast Iron Prices December 2023:
- United States: 2597 USD/MT
- China: 1560 USD/MT
- Germany: 2127 USD/MT
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The study delves into the factors affecting gray cast iron price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Gray Cast Iron Price Trend- Q4 2023
The gray cast iron market is being driven by several key factors contributing to its growth and demand across various industries. The automotive sector plays a pivotal role in propelling the market forward. Gray cast iron, renowned for its high strength, thermal conductivity, and damping capacity, is extensively used in the manufacturing of automotive components such as engine blocks, brake discs, and cylinder heads. With the burgeoning automotive industry worldwide, particularly in emerging economies, the demand for gray cast iron continues to escalate. Additionally, the construction industry significantly influences the market dynamics. Gray cast iron finds widespread application in construction machinery, equipment, and infrastructure components due to its excellent machinability and resistance to wear and corrosion.
Gray Cast Iron Market Analysis
The global gray cast iron market size reached US$ 79.6 Billion in 2023. By 2032 , IMARC Group expects the market to reach US$ 99.3 Billion, at a projected CAGR of 2.50% during 2023-2032 . In the final quarter of 2023, the North American gray cast iron sector witnessed a complex interplay of market forces. Notably, the sector exhibited resilience as there were no reported plant shutdowns, ensuring smooth operational continuity. Within the USA, where price fluctuations are most pronounced, three key factors emerged, significantly influencing the industry landscape. Other than this, in the intricate landscape of the gray cast iron industry of the APAC region during Q4 of 2023, significant factors guided the market trend. The absence of reported plant closures highlighted the sector's resilience, ensuring steady operational continuity. With a focus on China, a key player in regional dynamics, three crucial elements emerged, impacting gray cast iron pricing. Examining trends, seasonal variations, and correlation patterns, this analysis delves beyond pricing, providing a comprehensive understanding of market complexities. Throughout the past year, GB-T9349 GI Iron Ex Shanghai maintained a strong balance, indicating market stability.
Furthermore, amid the complex landscape of Q4 2023 in the European gray cast iron sector, significant shifts took place. With no reported plant closures, the industry demonstrated resilience, ensuring uninterrupted operations. Focusing on Germany, the central hub of pricing dynamics, three key factors influenced the market's direction. An examination of nuanced elements such as trends, seasonal variations, and correlations revealed a multifaceted pricing story, going beyond simple numerical analysis. Over the past year, Gray Cast Iron Plate Ex Konigsbronn in Germany maintained consistent pricing, navigating through fluctuations with a notable surge in year-on-year trend.
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Key Points Covered in the Gray Cast Iron Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Gray Cast Iron Prices
- Gray Cast Iron Price Trend
- Gray Cast Iron Demand Supply
- Gray Cast Iron Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Gray Cast Iron Price Analysis
- Gray Cast Iron Industry Drivers, Restraints, and Opportunities
- Gray Cast Iron News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Colombia, Chile, Ecuador, and Peru
- Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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