Grey Cast Iron markets around the world hit the pause button in the third week of May xxxx. After a solid run-up the week before – with China up x.xx, Germany jumping x.xx, and the US gaining x.xx – prices settled down as everyone tried to figure out what iron ore was doing. With iron ore bouncing around the USD xxx mark and mixed signals coming from different regions, buyers and sellers decided to wait and see what happens next.
Key Highlights:
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Grey Cast Iron prices stayed put after last week&#xx;s gains across China, Germany, and the US.
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Iron ore dropped from its high back down but still hanging above USD xxx
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Chinese steel stockpiles keep shrinking while they&#xx;re making less molten iron each day
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German car and machinery companies still want Grey Cast Iron even though steel production is way...
