Stainless Steelmakers buy 90% of the world’s ferrochrome to use it as an alloying element in stainless steel and provide its resistance to corrosion.
Ferrochrome is produced by smelting chromite ore (an iron magnesium chromium oxide mineral). It can also be recovered from FerroChrome slag stockpiles.
Ferro-manganese is a steelmaking alloy which is benefitting from an expanding world market related to increased steel production and quality (higher percentage of high strength steel in the production mix).
Current installed ferrochrome capacity in India is around 1.25 million tonnes, which is expected to increase by around 14% by the end of 2012 to meet both domestic and international demand. Of the 832,000 tonnes of ferrochome produced in 2010, approximately 500,000 tonnes was consumed locally by stainless steel makers, with the surplus exported (49% to China, 25% to South Korea, 19% to Japan, 7% to ROW).
Current stainless steel production level in India is approximately 2.1 million tonnes per annum, which is forecast to grow at 9.4% per annum over the next 9 years to around 5.0 million tonnes per annum. To meet the demand of the Indian stainless steel producers, ferrochrome (Charge / HC FeCr) production for the domestic market will need to increase to around 1.9 million tonnes by 2020. India is expected to remain a net exporter of ferrochrome throughout the next 9 years, continuing to export approximately 40% of its ferrochrome production.
Ferroalloy Slag recycling
Services for metal recovery and slag co-product valorization