Iron Oxide serves as a cornerstone raw material for Ferrite magnets, constituting 85 wt% of their makeup, with varying magnet grades demanding distinct Iron Oxide forms. ron scale, a flaky oxide shed from steel during heating or rolling, and Ferric Oxide, made via the Ruthner process, are steel industry by-products. To uphold the magnetic properties of Ferrite magnets, Iron scale requires careful preprocessing, yet it currently lacks a consistent, openly quoted market price, posing challenges for cost predictability.
Ferric Oxide, a vital inorganic compound, delivers a reliable price trend for Ferrite magnet manufacturers. Its cost varies with steel industry conditions, shaped by geopolitics, iron ore prices, steel output capacity, environmental restrictions, and recycling policies. Shortages of Iron scale and Ferric Oxide not only increase the Ferric Oxide price but also weaken Ferrite magnet quality, posing distinct challenges compared to other permanent magnets, affecting manufacturing consistency.
