Global Steel Demand and Ferroalloy Market:
According to the EIU's 2025 industry outlook, the global steel industry is under pressure to reshape its supply chain due to geopolitical tensions and trade barriers. Ferroalloys such as ferro manganese and ferro chrome, which are key raw materials for steel production, are significantly affected by fluctuations in raw material prices. By 2025, industrial raw material prices are expected to rise, especially for metals related to the green transition, such as manganese and chromium.
Green policies are driving up metal prices. It is expected that global metal prices will rise by 7.5% by 2025, driven by the demand for electric vehicle batteries and renewable energy equipment. The demand for ferrochrome may increase due to the rise in stainless steel production.
