In 2023, ferronickel consumption in US steel manufacturing stood at 14.05 thousand metric tons. Forecasts from 2024 to 2028 indicate a gradual increase, with annual values projected to reach 14.45 thousand metric tons by 2028. The year-on-year variation is approximately 0.57%, illustrating steady growth. The compound annual growth rate (CAGR) for this period is predicted to be 0.70%.
Future trends to watch for include potential impacts of technological advancements in steel production, fluctuations in global nickel supply, and shifts in environmental regulations which may influence the demand for ferronickel.
