Manganese alloys essential for steel making.
Like all RM even Mn :
a) depleting resources in most regions,
b) ore controlled & concentrated to a few leading to steeper increase in RM price than steel price profit shifting to RM
c) HG ore prices increasing faster than MG & LG Ore prices as more concentrated (geographic) spread of HG ore.
Way out :
Invest in technology for Mn alloys like steel industry has done for iron ore : viz beneficiation, agglomeration, pre-reduction and coke : viz washing, stamp charging PCI etc.
Beneficiation, Agglomeration, Alloy making not using electricity – direct reduction using coal/natural gas.
Use of lower grades of ferro alloys that can be made from LG Ores which are more easily available.
Steel Production Global + India Going Up
Manganese Alloy Demand Going Up
High Grade Manganese Ore Restricted To Few Countries & High Consolidation Of High Grade Mn Ore Resource.
Globally Steel Industry Has Tackled Poor Quality Of Principal Raw Materials
Iron Ore – By Viz Beneficiation, Agglomeration, Pre-reduction.
Coke - Washing, Stamp Charging, Pulverized Coal Injection Etc
Indian Mn Ore Of Poor Quality, High Grade Ore Price Increase & Electricity Cost Increase + Shortage.
Hence Need For Steel Industry To Invest In :
Alternate Methods Of Production For Mn Alloys