Grey Cast Iron Prices: For the Quarter Ending June 2023 | ChemAnalyst

Chemanalyst22 Sep, 2023Business

In the North American market, Grey Cast Iron prices remained stable in the third quarter of 2023. Despite concerns about the financial market, demand from downstream industries continued to drive the market. However, worries about the health of the US banking industry led to a decline in regional bank stocks and other major financial stocks. These concerns were further intensified when the third bank in the United States collapsed, leading to increased concerns about risky assets. On a positive note, US manufacturing output showed encouraging momentum at the beginning of the second quarter, and there was a marginal increase in new order inflows in May.