The global Merchant Pig Iron market was estimated at USD 60.5 billion and is anticipated to reach around USD 132.5 billion by 2030, growing at a CAGR of roughly 9% between 2022 and 2030. Our research report offers a 360-degree view of the Merchant Pig Iron market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Merchant Pig Iron market.

The key role of merchant pig iron is to manufacture castings. These castings are majorly used by the engineering industry. Pig iron is majorly manufactured at foundries. It is brittle and can only be used for making wrought iron, cast iron, or steel. The major use of pig iron is electric-arc steel making. However, a high purity form is used for manufacturing ductile iron castings in foundries. Additionally, foundry-grade pig iron is used in grey iron castings.

Some of the prominent players

Cleveland-Cliffs Inc.

Marinetime Iron

DXC Technology Company

Baosteel Co., Ltd.,

Donetsk Metallurgical Holding

The global Merchant Pig Iron market is segmented as follows:

By Type

Basic Pig Iron

Foundry Pig Iron

High Purity Pig Iron

By Production Facility

Dedicated Merchant Plants

Integrated Steel Mills

By End-Use Industry

Automotive

Engineering and Industrial

Power Generation

Pipes and Fittings

Others

Read Our Latest Merchant Pig Iron Market Report: https://www.custommarketinsights.com/report/merchant-pig-iron-market/