Results for tag: "Ferrovanadium"

Ferrovanadium is a ferrous metal alloy composed of iron and vanadium. It is used as an additive in steel production to increase strength and hardness. It is also used in the production of specialty alloys for aerospace and automotive applications. Ferrovanadium is produced by the reduction of vanadium ore with iron in an electric arc furnace. The resulting product is a powder that is then processed into pellets or ingots. The ferrovanadium market is highly dependent on the steel industry, as it is used as an additive in steel production. Demand for ferrovanadium is driven by the demand for steel, which is used in a variety of industries, including construction, automotive, and energy. The price of ferrovanadium is also affected by the availability of vanadium ore, as well as the cost of production. Some of the major players in the ferrovanadium market include Evraz, Nucor, ArcelorMittal, and POSCO. Other companies involved in the production and distribution of ferrovanadium include U.S. Vanadium, FerroAlloyNet, and VanadiumCorp. Show Less Read more