![]() The ferroalloy industry largely depends on the supply of electric power, ores & concentrates, and coal and natural gas. This, in turn, is anticipated to drive the ferroalloy market. Additionally, growth in the construction industry, especially in BRICS countries, is anticipated to boost the overall demand for steel. Thus, growth in the steel industry is expected to boost the overall demand for ferroalloys. On the other hand, ferrochrome imparts corrosion resistance to stainless steel. Ferrosilicon is primarily used as a deoxidizing and alloying agent in the steel manufacturing process. Ferromanganese is primarily used to counteract the harmful effects of sulfur during the production of virtually all types of steel and cast iron. Ferroalloy is used to impart distinctive physical properties to steel by addition of various elements such as manganese, chromium and silicon. With over two-third share of total consumption in 2013, stainless steel industry was the major application segment of the ferroalloy market. Ferroalloys are widely used in the manufacture of different types of steel such as stainless steel, carbon steel and alloy steel. Other ferroalloys include ferrotitanium, ferrouranium, ferrocerium, ferromolybdenum and ferrovanadium. Bulk ferroalloys are manufactured and utilized in large quantities as compared to other ferroalloys. Bulk ferroalloys include ferrosilicon, ferrochrome and ferromanganese. Ferroalloy is usually classified as bulk ferroalloys and other ferroalloys. This process entails reduction of oxides with carbon in the presence of iron. Ferroalloy is commonly manufactured through the carbothermic reaction process. (PRNewsFoto/PR NEWSWIRE EUROPE)įerroalloy refers to compounds that contain iron as well as other elements such as silicon, manganese and chromium.
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