LONDON, UNITED KINGDOM--(Marketwired - October 13, 2016) - The better half (around 90%) of manganese produced across the world is vital and irreplaceable in steelmaking as it enhances steel strength and toughness or removes unwanted elements.
On the back of the slowing global economy and declining steel industry, specifically in China, the global manganese market is witnessing flat growth.
The overall market situation is likely to be dependent on the prospects of the steel industry, which are looming.
Geography-wise, South Africa accounts for a one quarter of the total manganese supply; China and Australia are following after capturing nearly equal shares. Other leading manganese-producing countries include Gabon, Brazil, India, Malaysia, Ghana, Kazakhstan and Ukraine.
The top five vendors in the worldwide manganese mining industry are BHP Billiton, Assmang, ERAMET, Consolidated Minerals, and Vale.
MOIL, Tata Steel, Sibelco, Bhaskar Shrachi Alloys, Cosmic Ferro Alloys, Balasore Alloys, Hira Group, Nav Bharat Ventures (NBV), Sahjanand Ferro Alloys, BMA Group, Ispat Alloys, and Sova Ispat Group, are some of the leading players active in the global manganese alloy production industry.
Comprehensive research report "Manganese: 2016 World Market Review and Forecast" elaborated by Merchant Research & Consulting, Ltd. provides an in-depth assessment of the world's manganese market. It contains trustworthy figures on the historical development of the sector and looks into the current market scenario. The study offers unbiased information on the market prevalent growth trends, drivers and hindrances, opportunities and challenges. The research study explores the competitive scenario, profiles the key market players, covers the major industry related aspects. The report uncovers updated statistics on product consumption and production, imports and exports, as well as tracks the dynamics of prices over the past several years. Furthermore, granular forecasts of how the sector is poised to evolve through 2020 with respect to market trends, supply, projects, demand, and downstream markets, and more.
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