Low Carbon Silicomanganese Production. Manufacturing Project of Low Carbon Silico Manganese. Production of Ferroalloys.
Global Ferroalloys market expected to reach USD 53.5 billion by 2020, expanding at 5.4% CAGR between 2014 and 2020.
Low Carbon Silico Manganese which is populary known as LCSiMn is a ferrous alloy with content of carbon, silica and manganese. A large number of steel producing companies extensively demand low carbon silico managanese for reducing total production treatment by using these at the time of slag reduction instead of HCFeMn and decarburization process. Low level carbon silico manganese is extensively appreciated for reducing the lining attack that may cause due to less fluid slag (less MnO).
Manganese alloys are mostly used in steelmaking and foundry activities. Manganese is a gray-white metal resembling iron. It is a hard metal and is very brittle, fusible with difficulty, but easily oxidized. Manganese metal and its common ions are paramagnetic. This means that, while manganese metal does not form a permanent magnet, it does exhibit strong magnetic properties in the presence of an external magnetic field.
Few Indian Major Players are as under:
• Acme Ferro Alloys Pvt. Ltd.
• Balasore Alloys Ltd.
• Hitech Electro Thermics & Hydro Power Limited
• Jagat Alloys Pvt. Ltd.
• Padmavati Ferrous Ltd.
• Shri Girija Alloy & Power (India) Pvt. Ltd.
The future of the global ferroalloys market is healthy, expanding at an estimated CAGR of 5.9% during the forecast period of 2017 to 2025. The prosperity of the building and construction industry in a number of emerging economies is another key driver of the global ferroalloys market, wherein the development of lightweight and high strength steel grades is expected to open new opportunities. On the other hand, stringent governmental regulations pertaining to the environment and high operational costs are two glaring restraints over the global ferroalloys market. The market for ferroalloys, worldwide, is projected to reach a valuation of US$188.7 bn by the end of 2025, significantly up from its evaluated worth of US$112.8 bn in 2016.
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