Iron market monthly report April 2017
2017-05-10 08:58:53 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
S
. G . cast iron market kept slumping in April with oversupply as a result of high output and declining demand . Major iron producers were mostly in normal operation and faced increasing inventory and sales pressure . Meanwhile, many small casting plants were shut down due to strengthening environmental protection pressure . Though those large casting plants reported better profits and under capacity, their demand of S . G . cast iron was neither active as many of them used more steel scrap to replace iron to reduce costs.