This alloy is primarily used as a strengthening agent in steel manufacturing to improve the material's strength, toughness, and wear resistance. The demand for ferrovanadium has increased signific...
DESCRIPTION
This alloy is primarily used as a strengthening agent in steel manufacturing to improve the material’s strength, toughness, and wear resistance.
The demand for ferrovanadium has increased significantly over the past few years due to the growing need for high-strength steel in various applications such as construction, aerospace, and defense. These sectors continue to drive the global ferrovanadium market as the need for durable and strong materials becomes a priority.
One of the most significant advantages of using ferrovanadium in steel production is the improved resistance to corrosion, which is critical in various industries. It also enhances the steel’s ability to withstand extreme temperatures, making it useful in applications that require exposure to high temperatures.
Moreover, ferrovanadium’s excellent weldability and machinability make it a preferred material for producing various components, such as pipes, rods, bars, and sheets. Additionally, it is widely used in the production of automobile parts, tools, and surgical instruments.
China, South Africa, and Russia are the leading producers of ferrovanadium, with China accounting for more than 50% of the global supply. The United States is also a significant consumer of ferrovanadium due to its indispensable role in the defense and aerospace industries.
FeV composition (%) | |||||
Grade | V | Al | P | Si | C |
FeV40-A | 38-45 | 1.5 | 0.09 | 2.00 | 0.60 |
FeV40-B | 38-45 | 2.0 | 0.15 | 3.00 | 0.80 |
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