Ferrovanadium is an alloy made primarily of iron and vanadium, typically containing about 35% vanadium. It is used to enhance the strength, toughness, and wear resistance of steel, making it valuable in various applications, including construction and automotive industries. The addition of ferrovanadium improves the performance of high-strength low-alloy (HSLA) steels. The production of ferrovanadium involves the reduction of vanadium oxide with iron in an electric arc furnace. This process allows for the efficient extraction of vanadium, which is a critical element in producing high-performance alloys. Ferrovanadium is often used in conjunction with other alloys to achieve specific material properties.