In 2023, ferromanganese consumption in the US cast irons manufacturing sector stood at approximately 8.20 thousand metric tons. The forecasted data from 2024 to 2028 shows a steady and moderate increase, with consumption expected to grow from 8.23 to 8.38 thousand metric tons. This reflects a slight year-on-year growth of about 0.48% over the next few years. Notably, the compound annual growth rate (CAGR) over the five-year forecast period is approximately 0.44%.
Future trends to watch include technological advancements in cast iron manufacturing, which may impact material efficiency and consumption levels. Additionally, regulatory changes or shifts in the steel industry, where cast iron is a key component, could influence demand for ferromanganese.
