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During the recent past, Thailand has become the second largest exporter of Magnesium ferro in the world. This is due to the fact that there is a huge demand for this metal in the domestic as well as export markets. The demand for this metal is also on the rise in India. However, there is a lot of scope for new entrants in the ferro manganese industry.
Magnesium ferro is a metal alloy that is used to enhance the quality of malleable iron. It is made up of 3-42% magnesium and small amounts of other rare earth metals. It also contains small amounts of Aluminium, Calcium, and iron silicides. It is used in the production of steels. It is also used as a grain refiner in plain carbon steels and as an alloying element in alloy steels.
There are a number of manufacturers of ferro silicon. Among them, a few are Aar Kay Steel Products Ltd., Alok Ferro Alloys Ltd., and Adhunik Metaliks Ltd. Other manufacturers include Ferro Alloys Corpn. Ltd., Vaswani Industries Ltd., Star Ferro & Cement Ltd., and Corporate Ispat Alloys Ltd.
Several ferro silicon magnesium producers have been urged to trim production levels to secure supplies from Inner Mongolia. Output curbs are estimated to reduce the supply of a 75pc grade alloy by 7,200 tons. However, market participants expect higher steelmaker tender prices to underpin magnesium prices.
Magnesium ferrosilicon contains magnesium in concentrations of three to four percent, along with small amounts of other rare earth metals. This alloy is used to modify melted malleable iron. It has an anti-decline time of four to seven years, a high magnesium absorption rate and a strong deoxidization effect. In addition to enhancing casting quality, it is used in a variety of steelmaking applications.
While ferro silicon magnesium is not new, its use in steel production is a bit newer. It is used in the production of ductile iron, which imparts elongation to iron and also improves tensile strength. The alloy is also used in sink-float and heavy media separation processes.
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