In 2023, high-carbon ferromanganese consumption in full alloy steel manufacturing in the US is projected to have been 36.60 thousand metric tons. From 2024 to 2028, the forecasted figures indicate a steady growth starting from 37.48 thousand metric tons in 2024 to 40.92 thousand metric tons in 2028, reflecting a year-on-year increase. For instance, from 2024 to 2025, consumption is expected to rose by 2.37%, and a similar incremental trend is noted annually. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 2.18%.
Future trends to watch include technological advancements in steel manufacturing processes that may influence the demand for high-carbon ferromanganese. Additionally, environmental policies and economic fluctuations could impact the supply chain dynamics and consumption patterns in the sector.
