In 2023, the consumption of medium and low carbon ferromanganese in the US carbon steel manufacturing sector was approximately 126.60 thousand metric tons. Forecasts for 2024 to 2028 indicate a steady annual increase, rising from 128.02 to 133.63 thousand metric tons. The year-on-year growth rates are modest yet consistent, suggesting a stable demand growth trend with a compound annual growth rate (CAGR) of approximately 1.1% over this forecast period.

Future trends to watch for include:

Technological advancements in carbon steel manufacturing that may alter raw material requirements.
Changes in environmental regulations impacting the use of medium and low carbon ferromanganese.
Fluctuations in global manganese supply and pricing, influencing US consumption rates.