Ferronickel is an alloy made primarily of iron and nickel, typically containing about 30% to 40% nickel. It is produced through the smelting of nickel laterite ores, which are rich in nickel and iron. Ferronickel is mainly used in the production of stainless steel, where it enhances corrosion resistance and strength. The production process involves heating the ores in a furnace, where the nickel and iron are separated from impurities. This alloy is crucial in the steel industry, as it helps create high-quality stainless steel products used in various applications, including kitchenware, construction, and automotive components.