In 2023, the consumption of high-carbon ferromanganese in cast irons manufacturing in the US stood at a slightly lower level than the forecasted 7.86 thousand metric tons for 2024. The year-on-year growth from 2024 to 2028 is modest, with a general increase of about 0.05 to 0.06 thousand metric tons annually, indicating a growth trend driven by steady demand. The compound annual growth rate (CAGR) is relatively low, suggesting a stable yet slow upward trend in consumption over the forecast period.
Future trends to watch for include potential shifts in regulatory policies towards greener manufacturing which could impact raw material requirements, as well as technological advancements in cast iron production that may alter ferromanganese consumption patterns. Additionally, global supply chain dynamics and market demand for cast iron products could further influence consumption rates.
