Forecast: Ferrosilicon, 75%, Consumption in Steel Production in the US

The consumption of 75% ferrosilicon in steel production in the US is forecasted to gradually increase from 2024 to 2028, based on forecasted values. The year-on-year growth is modest, with annual increases in the range of approximately 0.80% to 1%. If we assume stability or slight growth in earlier trends, the CAGR over the next five years is projected to be around 0.80% per year.

Future trends to keep an eye on include:

• Advancements in steel production technology that could affect ferrosilicon consumption.
• Fluctuations in demand due to economic factors impacting the construction and automotive industries, major consumers of steel.
• Environmental regulations and sustainability initiatives influencing raw material sourcing and consumption patterns.