Ferroalloy refers to distinctive alloys of iron with a high proportion of one or more elements such as manganese, aluminium, or silicon. They are used in the production of steels and alloys. They serve important functions during production and therefore are closely associated with the iron and steel industry, the leading consumer of ferroalloys. Ferro alloys are among the essential inputs required for steelmaking. It improves the quality of steel by controlling the harmful impurities and at the same time improves the mechanical properties of steel through alloying. Growth in global as well as domestic steel industry directly drives the demand of Ferro-alloys.