In 2023, high-carbon ferromanganese consumption in the US stainless and heat-resisting steel manufacturing sector was at 6.0 thousand metric tons. From 2024 onwards, a gradual decline is forecasted, with consumption decreasing by approximately 2% each year, reaching 5.44 thousand metric tons by 2028. This marks a consistent downward trend over the period, indicating a CAGR of around -2.0%.

Future trends to watch for include:

The impact of technological advancements in steel manufacturing processes that might reduce reliance on high-carbon ferromanganese.
Regulatory shifts promoting lower carbon emissions, which could affect material choices.
Market dynamics driven by alternative materials or recycled content in steel production.