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Grey Cast Iron Prices, Demand and Supply Overview

2025

Base Year

2023-2025

Historical Period

2026-2027

Forecast Period

Market Overview

Grey cast iron prices in Germany, the highest-cost reporting region, rose 8.2% in H1 2026, climbing from USD 0.85/KG in Q1 to USD 0.92/KG by Q2 as spring automotive die casting and machinery foundry procurement and firmer pig iron and scrap steel feedstock costs drove consistent buying. Globally, the average rose from USD 0.620/KG in Q1 to USD 0.670/KG in Q2, an 8.1% gain. For H2 2026, a global average of USD 0.674-0.736/KG is expected, with continued firming on Middle East supply disruptions and growing automotive, machinery, and construction casting sector demand.

Grey cast iron is a ferrous casting alloy containing two to four percent carbon as graphite flakes embedded in a ferritic or pearlitic iron matrix, produced by melting a charge of pig iron, steel scrap, cast iron returns, and ferroalloys in cupola or induction furnaces and pouring into sand or permanent moulds. The graphite flake microstructure imparts the grey fracture appearance that gives the material its name, while simultaneously providing excellent machinability, good vibration and noise damping, high compressive strength, low cost, and good castability into complex geometries. The largest pull comes from automotive applications, where grey cast iron is the preferred material for engine cylinder blocks, cylinder heads, crankshaft bearing caps, brake disc and drum components, and differential housing castings that benefit from its vibration damping and thermal conductivity properties. Additional demand comes from general machinery and pump housing castings, ductile and pressure pipe manufacturing, agricultural equipment implement components, building and construction fitting production, and cookware and household appliance manufacturing. Pig iron and steel scrap feedstock costs, coke and electricity tariffs for foundry operations, automotive and machinery sector demand, and foundry capacity utilisation all feed into the price.

Grey Cast Iron Price Forecast for 2026

The balance of supply and demand for grey cast iron through H2 2026 leans moderately firm. Pig iron and steel scrap feedstock costs firmed from Middle East ore and logistics disruptions. Automotive engine and brake component casting demand is recovering with improving vehicle production rates, and machinery and construction casting demand is growing with infrastructure investment activity.

The main upside risk is a sharp pig iron and steel scrap cost increase alongside accelerating automotive production recovery. The main downside risk is continued substitution of grey cast iron by aluminium alloys in automotive applications and soft construction activity that limits demand recovery.

Region 2026 Price Range (USD/KG) Outlook
Global Average 0.674 - 0.736 Feedstock firming and automotive demand support
United States 0.716 - 0.778 Steady automotive and machinery demand holds firm
China 0.548 - 0.610 Large foundry capacity keeps it the most affordable
Germany 0.908 - 0.970 High energy and feedstock costs keep it the most expensive
India 0.710 - 0.772 Growing automotive and machinery demand holds a firm middle

For the Quarter Ending June 2026

Grey Cast Iron Prices Q2 2026:

  • United States: USD 0.76/KG
  • China: USD 0.57/KG
  • Germany: USD 0.92/KG
  • India: USD 0.73/KG

Grey Cast Iron Prices in the United States

US grey cast iron prices averaged USD 0.76/KG in Q2 2026, up 8.6% from USD 0.70/KG in Q1 2026. Firmer pig iron and scrap steel feedstock costs and recovering automotive and machinery casting procurement drove buying through the quarter.

Why did the price of Grey Cast Iron change in Q2 2026 in the United States?

Firmer pig iron and scrap steel feedstock costs raised the foundry production cost floor. Recovering automotive engine cylinder block, brake disc, and differential housing casting procurement lifted buying. Machinery housing and pump casting demand provided additional consistent buying support.

Grey Cast Iron Prices in China

Chinese grey cast iron prices averaged USD 0.57/KG in Q2 2026, up 7.5% from USD 0.53/KG in Q1 2026, the lowest among the tracked markets. Spring automotive and machinery foundry procurement lifted buying. Firmer domestic pig iron and scrap costs raised the production floor despite large domestic foundry capacity.

Why did the price of Grey Cast Iron change in Q2 2026 in China?

Spring automotive die casting and machinery foundry procurement lifted buying from domestic foundries. Firmer domestic pig iron and scrap steel feedstock costs raised the production cost floor. Large domestic foundry capacity kept China the most affordable source.

Grey Cast Iron Prices in Germany

German grey cast iron prices averaged USD 0.92/KG in Q2 2026, up 8.2% from USD 0.85/KG in Q1 2026, the highest among the tracked markets. Higher pig iron import and energy costs elevated European foundry production economics. Recovering automotive, machinery, and construction casting demand maintained consistent buying.

Why did the price of Grey Cast Iron change in Q2 2026 in Germany?

Higher pig iron import and energy costs elevated European cupola and induction furnace production economics. Middle East ore logistics disruptions added import cost premiums to pig iron supply chains. Recovering automotive engine, brake, and machinery casting demand maintained consistent procurement near USD 0.92/KG.

Grey Cast Iron Prices in India

Indian grey cast iron prices averaged USD 0.73/KG in Q2 2026, up 7.4% from USD 0.68/KG in Q1 2026. Growing automotive and machinery casting demand supported buying. Firmer pig iron and coke costs raised the foundry production floor through the quarter.

Why did the price of Grey Cast Iron change in Q2 2026 in India?

Growing automotive engine, brake component, and machinery housing casting demand lifted procurement from domestic foundries. Firmer pig iron and coke feedstock costs raised the production floor. Infrastructure and construction casting demand provided additional buying support near USD 0.73/KG.

For the Quarter Ending March 2026

Grey Cast Iron Prices Q1 2026:

  • United States: USD 0.70/KG
  • China: USD 0.53/KG
  • Germany: USD 0.85/KG
  • India: USD 0.68/KG

Grey Cast Iron Prices in the United States

US grey cast iron prices averaged USD 0.70/KG in Q1 2026, declining modestly on the quarter. Post-holiday automotive and machinery casting procurement moderation and soft feedstock costs reduced buying urgency near USD 0.70/KG.

Why did the price of Grey Cast Iron change in Q1 2026 in the United States?

Post-holiday automotive and machinery foundry procurement moderation reduced buying urgency. Soft pig iron feedstock costs eased the production cost floor. The market eased near USD 0.70/KG before the Q2 spring season procurement surge.

Grey Cast Iron Prices in China

Chinese prices averaged USD 0.53/KG in Q1 2026, declining modestly on the quarter. Post-Lunar New Year foundry procurement moderation and soft feedstock costs held the market near USD 0.53/KG.

Why did the price of Grey Cast Iron change in Q1 2026 in China?

Post-Lunar New Year automotive and machinery casting procurement moderation reduced urgency. Soft domestic pig iron and scrap costs maintained comfortable production economics. The market eased near USD 0.53/KG before the Q2 recovery.

Grey Cast Iron Prices in Germany

German prices averaged USD 0.85/KG in Q1 2026, declining modestly on the quarter. Post-holiday automotive and machinery casting moderation and soft pig iron import costs eased the market near USD 0.85/KG.

Why did the price of Grey Cast Iron change in Q1 2026 in Germany?

Post-holiday automotive and machinery foundry procurement moderation reduced buying urgency. Soft pig iron import and energy costs eased the production floor. The market eased near USD 0.85/KG before the Q2 spring casting season surge.

Grey Cast Iron Prices in India

Indian prices averaged USD 0.68/KG in Q1 2026, declining modestly. Post-holiday foundry procurement moderation and soft pig iron costs held the market near USD 0.68/KG.

Why did the price of Grey Cast Iron change in Q1 2026 in India?

Post-holiday automotive and machinery casting procurement moderation reduced urgency. Soft domestic pig iron and coke costs maintained comfortable production economics. The market eased near USD 0.68/KG before the Q2 surge.

Quarterly Grey Cast Iron Price Trends

Global grey cast iron prices showed a volatile alternating pattern through 2025 and H1 2026, with a Q3 2025 dip, a Q4 year-end automotive casting uptick, a Q1 2026 post-holiday dip, and a strong Q2 2026 spring foundry season surge. The average eased from USD 0.620/KG in Q2 2025 to USD 0.614/KG in Q3, recovered to USD 0.626/KG in Q4, eased to USD 0.620/KG in Q1 2026, then surged to USD 0.670/KG in Q2 2026, a net gain of about 8.1% over the window. Pig iron feedstock cycles and automotive and machinery casting season demand drove the alternating pattern.

Quarter Price (USD/KG) QoQ Change Direction
Q2 2026 0.670 +8.1% ↑ Rising
Q1 2026 0.620 -1.0% ↓ Falling
Q4 2025 0.626 +2.0% ↑ Rising
Q3 2025 0.614 -1.0% ↓ Falling
Q2 2025 0.620 - - Stable
Q3 2026 In Progress - - In Progress

What was Grey Cast Iron Price in 2025?

Grey cast iron prices showed a broadly stable alternating pattern through 2025. The global average opened at USD 0.624/KG in Q1 2025 and closed near USD 0.626/KG in Q4, a marginal full-year gain of about 0.3%. Alternating automotive and machinery casting season demand and pig iron feedstock cost dynamics created the quarterly oscillation throughout the year.

Grey Cast Iron Prices in the United States in 2025

US prices fell from about USD 0.72/KG in Q1 2025 to USD 0.71/KG by Q4, a decline of 1.4%. Soft automotive casting demand and adequate scrap steel supply maintained modest downward pressure.

Grey Cast Iron Prices in China in 2025

Chinese prices firmed from roughly USD 0.52/KG in Q1 2025 to USD 0.54/KG by Q4, a gain of 3.8%. Growing domestic automotive and machinery casting demand drove the firming. China held the lowest price level throughout.

Grey Cast Iron Prices in Germany in 2025

German prices fell from about USD 0.88/KG in Q1 2025 to USD 0.86/KG by Q4, a decline of 2.3%. Soft European automotive production and high energy costs weighed on foundry economics throughout.

Grey Cast Iron Prices in India in 2025

Indian prices firmed from roughly USD 0.68/KG in Q1 2025 to USD 0.69/KG by Q4, a gain of 1.5%. Growing automotive and infrastructure casting demand supported the modest firming.

How We Can Help

Expert Market Research: Your Source for Real-Time Grey Cast Iron Price Intelligence

Expert Market Research tracks grey cast iron prices continuously across every major producing and consuming region. The team traces causation through pig iron and scrap steel feedstock economics, automotive and machinery casting season demand cycles, and foundry capacity utilisation. Contact Expert Market Research today for grey cast iron pricing data, bespoke market analysis, and strategic procurement advisory.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Key Questions Answered in the Report

Automotive engine cylinder blocks, cylinder heads, brake discs and drums, and differential housing castings take the largest share, benefiting from vibration damping and thermal conductivity. General machinery and pump housings, pressure pipes, agricultural equipment implements, construction fittings, and cookware also consume significant volumes globally.

The Q2 2026 average was USD 0.76/KG in the United States, USD 0.57/KG in China, USD 0.92/KG in Germany, and USD 0.73/KG in India. Germany remains the highest-priced market.

The global average rose from USD 0.620/KG in Q1 to about USD 0.670/KG in Q2, a gain of around 8.1%. Spring automotive and machinery casting season demand and firmer pig iron feedstock costs drove the H1 2026 surge.

Automotive die casting and machinery foundry production season cycles created alternating quarterly procurement patterns. Post-holiday foundry procurement moderation created Q1 and Q3 dips while spring and year-end automotive casting demand created Q2 and Q4 upticks throughout.

The global average is expected in the USD 0.674 to 0.736/KG range for H2 2026, with continued firming as pig iron feedstock costs stay elevated and automotive and machinery casting demand grows.

Germany sits highest on pig iron import and energy costs, the United States and India hold a firm middle on automotive and machinery demand, and China prices lowest on large domestic foundry production capacity.

This report is updated monthly. For real-time pricing intelligence, contact the Expert Market Research team directly.

Prices respond mainly to pig iron and scrap steel feedstock costs, automotive production season cycles, coke and electricity tariffs for foundry operations, and machinery and construction sector demand. Automotive build schedules and foundry capacity utilisation rates are key signals.

Asia Pacific leads with China holding the largest foundry capacity, followed by India, Europe, and North America. Any pig iron or scrap steel cost shift ripples across grey cast iron markets within one to two quarters.

Buyers can use quarterly trends and forecasts to time automotive and machinery casting contracts around foundry season cycles, build cover when pig iron signals tightening, and monitor automotive production build schedules as the primary demand signal.

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