Opportunities in the Ferroalloy Sector. Ferro Alloys Industry, Manganese Alloys (Ferromanganese, Silicomanganese), Ferrosilicon, Chrome Alloys, Noble Ferro Alloys (Ferromolybdenum, Ferrovanadium, Ferrotungsten, Magnesium Ferrosilicon, Ferro Boron, Ferrotitanium) Projects. Production of Ferroalloys.

Opportunities in the Ferroalloy Sector. Ferro Alloys Industry,…

Opportunities in the Ferroalloy Sector. Ferro Alloys Industry,...jpg

Ferroalloy, an alloy of iron (less than 50 percent) and one or more other metals, important as a source of various metallic elements in the production of alloy steels. The principal ferroalloys are ferromanganese, ferrochromium, ferromolybdenum, ferrotitanium, ferrovanadium, ferrosilicon, ferroboron, and ferrophosphorus. These are brittle and unsuitable for direct use in fabricating products, but they are useful sources of these elements for the alloy steels. Ferroalloys usually have lower melting ranges than the pure elements and can be incorporated more readily in the molten steel.

Ferroalloys are prepared from charges of the nonferrous metal ore, iron or iron ore, coke or coal, and flux by treatment at high temperature in submerged-arc electric furnaces. An aluminothermic reduction process is used for making ferrovanadium, ferrotitanium, and ferroniobium (ferrocolumbium).

Ferroalloys are usually classified into two groups namely (i) Bulk ferroalloys and (ii) Noble or special ferroalloys. More than 85 % of ferroalloys produced are used in the steel industry.

Market Outlook

Owing to the lack of a viable alternative that can meet the diverse applications, 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.

India produces 3.5 million tonne (mt) of ferro alloys and consumes around 2.3 mt. The country exported 1.3 mt of ferro alloys, earning a foreign exchange of around Rs 8,900 crore. India’s production of around 3.5 mt of ferro alloys consists of one million tonne of ferro chrome (FeCr) and 2.5 mt of manganese alloys.

 

Here are few Profitable Projects for Startups:

HIGH CARBON FERROMANGANESE

Ferroalloys are alloys with iron employed to add chemical elements into molten metal, usually during steelmaking. Ferroalloys impart distinctive qualities to steel and cast iron or serve important functions during production and are, therefore, closely associated with the iron and steel industry, the leading consumer of its products……..Read more

FERROALLOYS-FERROMANGANESE, SILICOMANGANESE, FERROSILICON BASED ON ALUMINOTHERMIC PROCESS

The ferroalloys are classified as bulk ferro alloys & noble ferro alloys. Bulk ferro alloys include ferro chrome/charge chrome ferro manganese, ferro silicon, etc. while niobium, nickel, titanium, tantalum, tungsten, and vanadium form noble ferroalloys. Two or more of these elements can be associated with any one ferroalloy in known proportions for metallurgical uses……..Read more

FERROALLOYS

Ferroalloys have been developed to improve the properties of steels and alloys by introducing specific alloying elements in desirable quantities in the most feasible technical and economic way. Ferroalloys are usually classified in two groups: bulk (major) ferroalloys (produced in large quantities) and minor ferroalloys (produced in smaller quantities, but of a high importance)…….Read more

FERROSILICON

Ferrosilicon, or ferrosilicium, is a ferroalloy an alloy of iron and silicon with between 15 and 90% silicon. It contains a high proportion of iron silicides. Its melting point is about 1200 °C to 1250 °C with a boiling point of 2355 °C. It also contains about 1 to 2% of calcium and aluminium…….Read more

SILICOMANGANESE

Manganese and silicon are crucial constituents in steelmaking, as deoxidants, desulphurizers and alloying elements. Silicon is the primary deoxidizer. Manganese is a milder deoxidizer than silicon but enhances the effectiveness due to the formation of stable manganese silicates and aluminates. It also serves as desulphurizer……Read more

FERROALLOYS OF NIOBIUM, MOLYBDENUM, TITANIUM, TUNGSTEN AND VANADIUM

Ferro Alloys are the principal alloying agents in iron and steel production. Addition of ferro alloys improves mechanical and physical properties of iron and steel products such as strength, toughness, hardness and corrosion-resistance etc. Most of the ferro alloys contain less than 50% of iron content………Read more

FERROCHROME ALLOY

In the manufacture of steel, chromium is added usually in the form of ferro chrome. Pure chromium metal, produced by electrolytic or aluminothermic processes, is used for alloying nonferrous engineering materials. The most common materials are nickel-based and cobalt-based alloys, most of which are used at high temperature…….Read more

LOW CARBON FERROMANGANESE

Manganese ores, containing more than 35 % manganese are suitable for the manufacture of high or low grade ferro-manganese. Low carbon ferro manganese required where carbon control in steel is strictly necessary 7% C and 74 – 78 % Mn is a standard ferro manganese used for the purpose allowing and deoxidation……..Read more

LOW CARBON FERROCHROME

Ferro-chrome, along with nickel (ferro-nickel) is the major alloying element in the production of stainless steel. Stainless steel is used in a variety of areas from cutlery to aircraft engine turbine blades. The chromium content of ferro-chrome normally varies from 45 to 75 % together with various amounts of iron, carbon and other alloying elements…….Read more

MANGANESE FROM FERROMANGANESE ALLOY SLAG CONTENT

Ferro Manganese, an alloy of Fe and Mn (70-80%) is obtained by smelting a mixture of iron and manganese ore with carbon in blast furnace, Manganese sulfate is generally manufactured by using manganese dioxide with sulfuric acid or manganese carbonate with concentrate sulfuric acid…….Read more

 

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Production of Manganese from Electrolytic Process Manufacturing Industry, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics, Production Schedule, Working Capital Requirement, Plant Layout, Process Flow Sheet, Cost of Project, Projected Balance Sheets, Profitability Ratios, Break Even Analysis

Production of Manganese from Electrolytic Process

Production of Manganese from Electrolytic Process

Manganese is a chemical element with symbol Mn and atomic number 25. It is not found as a free element in nature; it is often found in minerals in combination with iron. Manganese is a metal with important industrial metal alloy uses, particularly in stainless steels.

Manganese is a key component in the production of steel. Although classified as a minor metal, the quantity of manganese produced worldwide each year falls behind only iron, aluminium, copper and zinc. Manganese is a very brittle, hard, pinkish-gray metal. It is a reactive metal, chemically active with water, air and most acids. It hardens and strengthens steel when alloyed with it.

Manganese metal produced from electrolytic process is called Electrolytic Manganese Metal (EMM). It is expensive. Its relatively high price limits the use of the metal mainly to production of some stainless steel, aluminium and copper alloys. The trend in the aluminium industry has been towards a briquette containing about 75% manganese and 25% aluminium made from manganese and aluminium powder. The introduction of the electrolytic manganese of 99.98% purity completely free from impurities like phosphorous, carbon, etc. has opened up scope for the production of new series of stainless steel.

Manganese, a key ingredient for steel making, has been witnessing interesting price action lately. Prices rose briskly from $1,500 per tonne to over $2,000 in 2016, helped by low inventory, tighter supply due to mine closures and some pick-up in Chinese demand.

State-owned manganese producer MOIL increased the price of all grades of ore for the April-June 2016 quarter by up to 50 per cent. Manganese is of relevance to India as the country is the fifth largest producer globally. As a whole it is a good project for new entrepreneurs to invest.

Few Indian Major Players are as under:

  • Bharat Thermite Ltd.
  • Corporate Ispat Alloys Ltd.
  • MMP Industries Ltd.
  • MOIL Ltd.
  • Modern India Concast Ltd.

Market Outlook

The global market for manganese is projected to reach 28.2 million metric tons by 2022, driven by rising investment in infrastructure development projects, growing automobile production, and rapid urbanization in emerging markets.

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Niir Project Consultancy Services

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New Delhi-110007, India.

Email: npcs.ei@gmail.com  , info@entrepreneurindia.co

Tel: +91-11-23843955, 23845654, 23845886, 8800733955

Mobile: +91-9811043595

Website: www.entrepreneurindia.co  , www.niir.org

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