In 2023, the consumption of medium and low carbon ferromanganese in the US stood at an estimated 3.49 thousand metric tons for stainless and heat-resisting steel manufacturing. Forecast data indicates consistent growth in consumption from 2024 to 2028, with values increasing yearly from 3.57 to 3.89 thousand metric tons. This represents a steady rise in consumption, with a year-on-year growth rate ranging from 2% to 2.4%. The five-year compound annual growth rate (CAGR) suggests an average annual increase of approximately 2.2% over the forecast period.
Future trends to watch for include technological advancements in steel manufacturing and growing demand for stainless and heat-resisting steel in industries such as automotive, construction, and infrastructure. Additionally, environmental regulations and shifts toward more sustainable steel production methods may impact ferromanganese consumption patterns.
