Grey Cast Iron prices had minor movements in January, due to changes in feedstock prices, weather-related problems, and demand trends. Grey Cast Iron prices were supported by USD 4/MT from 2nd January to 16th January, due to positive developments on scrap, pig iron, and silicon prices, but then fell by USD 2/MT in the week ending 23rd January, due to easing demand trends. Weather-related problems in the US impacted scrap prices, where sentiment on spot supply was affected by weather-related problems, although January inventories of scrap materials were adequate. Another factor impacting Grey Cast Iron prices was pig iron prices, with Brazil witnessing a record export level in 2025, but with a threat of tariffs in the US, which is the primary destination of Brazilian pig iron exports. In addition, expectations of a Supreme Court ruling on pig iron tariffs in early 2026 impacted pig iron prices. On the demand front, passenger car demand trends were stable, with a small change in North American vehicle production forecasts. However, construction demand trends remained weak, due to factors such as affordability, high prices, and labor shortages.
