Here is a page on how to manufacture ferrosilicon (not something I would try).
https://www.sialloy.com/blog/ferro-silicon-manufacturing-process.html
Rich C mentioned using something other than ferrosilicon for machinability, but I have never heard of the material he mentioned.
Every art-iron and backyard iron casting person I have met over the last 8 years uses 75% ferrosilicon to improve the fluidity of the melt, improve machinability, and to prevent hard spots (called chills) in the iron.
I cast a flywheel in gray iron before I knew about ferrosilicon, and it had a rim that was perhaps 3/4" thick.
I used standard carbide bits, and did not have any problems machining it (photo below).
It is an often repeated myth that all iron castings must have ferrosilicon added in order to be machinable, and in order to prevent chills/hard spots; this is not true for thicker parts that are cooled very slowly.
Where I ran into problems was with thinner iron castings.
I made a few thin castings, perhaps 1/4" thick, and could not cut them with any saw, including a Portaband with a new (and immediately ruined) blade.
It only takes a tiny amount of ferro per melt, along the order of 0.04 to 0.06 oz/lb of iron.
The ferro I use is granulated, in chips that are perhaps 1/4" in size.
I get the melt to pour temperature, which generally takes about an hour, and then mix in the ferro while the crucible is in the furnace (sometimes turning off the burner, and sometimes leaving it running).
I stir in the ferro with a dried graphite rod (from ebay), skim, pull the crucible from the furnace, and immediately pour.
You cannot wait very long after adding the ferro, since the effects of the ferro will not last long.
And another trick to prevent chills is to keep the castings in the sand mold overnight, until they are completely cool.
Pulling an iron casting quickly out of the sand does not give the graphite in the metal time to form the nodules that make iron so machinable.
So if you are casting thick pieces, and are using carbide to machine them, you probably don't need ferro.
For thin pieces, you need ferro, or something that works just like it.
What does it cost to ship say a 1 lb package to down yonder.
I buy 75 lbs of ferro at a time.
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