Grey Cast Iron prices in the Chinese market showed a declining trend in the fourth quarter of 2022, despite China’s epidemic prevention and control measures. According to market participants, the steel mills in Changzhi, Shanxi, were given notice on the evening of October 17 to shut down all sintering machines, resulting in the suspension of some blast furnaces. The fourth quarter was the busiest period for international mine shipments. As a result, the major mines increased their November shipments to meet their annual targets. Domestic demand rose marginally. November is typically an off-season for demand, but demand was strong in November 2022 due to the relatively warm weather. Steel mills were more eager to manufacture, and pig iron output was high.
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