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Ferroalloys market is likely to witness an impressive CAGR of 5.7% during the forecast period. Increasing steel production across the world is the prime factor that is contributing to the demand for ferroalloys. Further, increasing application of steels in various industries such as construction, shipbuilding, and automotive is driving the ferroalloys market growth. Rising construction and infrastructure activities in emerging economies such as India and China in the Asia-Pacific region is one of the key factors fueling the growth of the market.
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