In 2023, the consumption of silicomanganese in the US alloys manufacturing industry was observed to be slightly above the forecasted values for 2024 and beyond. From 2024 to 2028, the consumption is expected to gradually decrease from 1.82 to 1.73 thousand metric tons. The year-on-year decline from 2024 to 2025 is around 1.1%, continuing at a similar pace annually. The compound annual growth rate over this period is expected to illustrate a consistent decrease.
Future trends to watch for include potential shifts in demand due to emerging technologies in alloys manufacturing, changes in trade policies, and fluctuations in the supply chain affecting raw material availability and pricing strategies. Close attention should be paid to the global steel demand, as it heavily influences silicomanganese consumption.
