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Prices for two grades of bauxite have ticked downward, as has the price for white fused alumina, but brown fused alumina remained stable, with the market said to be mostly flat on limited activity.
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Fastmarkets IM has begun a consultation on its proposal to increase the frequency of its andalusite price assessments to quarterly.
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UK refractory material producer Vesuvius has bought a refractory products company in the United States to develop its presence in North America.
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The andalusite market remains buoyant on refractories demand and ongoing issues with alternative raw materials such as Chinese bauxite, but participants are hopeful the ripple effects of the 2017 shortage may finally be coming to an end.
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The company, which sees volatile market conditions continuing this year, will focus on cash generation and cost control to reduce business risk.
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Key takeaways from the 61st International Colloquium on Refractories, held September 25-26 in Aachen, Germany
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Most delegates seem to agree that prices for raw materials, including bauxite, alumina, magnesia and graphite, will continue at high levels with small fluctuations.
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Attendees discuss how market participants will secure supply for the coming year, and how prices are expected to perform going forward.
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Graphite, magnesia, alumina and silicon carbide are excluded from the list of China-origin materials subject to a new US tariff, as are antimony, rare earths and barite. Pigments such as titanium dioxide will also be subject to the duty, as will refractory finished products, some ceramic minerals such as kaolin, and lithium.
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Many major minerals could be affected if the US goes ahead with a plan to raise the import tariff on China-origin materials as the trade war between the two countries gathers pace.
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The refractories maker posted rises in sales and volumes to both industrial and steel end markets, and is investing in raw material assets and optimization of production lines.
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The Trump administration has asked its trade authorities to consider a 25% import duty rate on Chinese minerals rather than the 10% rate it officially proposed in July.
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The refractories producer managed to offset the rise in raw material costs while it achieved higher turnover and profits.
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Strong demand for refractories from both steelmaking and industrial customers supported business in the first quarter and helped offset higher prices in mineral raw materials.
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IM's monthly price movements.
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Shanxi is gearing up to clamp down on illegal bauxite mining while it maintains its focus on improving local environmental conditions. But the sector fears an impact to supply flows.
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Imerys has made a number of changes to its management board, with Gilles Michel appointed to chairman of the board while the role of chief executive officer will go to ex-AkzoNobel head of performance coatings, Conrad Keijzer.
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Persisting market tightness leads to higher andalusite prices in 2018; Extension of consultation period regarding proposal to discontinue kyanite prices; Extension of consultation period regarding olivine price
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IM's monthly price movements.
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Contract prices for andalusite have edged up by about 10% from last year’s levels, with widespread consumer demand further compounding limited availability of material.
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A Q&A with Michael Werner, SVP, Commerical at HarbisonWalker International.
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The South African rand approached a three-year high against the US dollar on Thursday February 15 following the resignation of President Jacob Zuma on Wednesday, after nine years in charge.
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Metal Bulletin correspondents round up the main topics and trends from the final day of the 2018 Investing in African Mining Indaba.
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The US company scored increased turnover on supportive end markets, including refractories and metallurgy, offsetting poor conditions in the paper market in North America.
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IM's monthly price movements.
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Operations in Sproul and Oak Hill will be gradually wound down prior to closing later this year, while the producer focuses on the new monolithics plant.
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Stefan Borgas’s tenure will focus on setting a global refractory industry agenda, creating a collection of improved sector data and working to ease the raw materials shortage situation.
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IM's monthly price movements.
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China's Ministry of Industry and Information Technology is preparing to publish its first list of domestic refractory companies that comply with industry regulations.
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Reduced demand, supply shortages and the burden of environmental inspections combined to reduce China's refractories output to 14.22 million tonnes in the first three quarters of the year.
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The European Commission has granted buyer approval for German group Intocast to take over the dolomite production sites in Italy and Spain and the carbon bricks operation in Oberhausen.
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The acquisition of Agellis Group is seen as strategic to deliver performance-enhancing products to end-users as metals producers which see their production costs rising.
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Refractories sales were on the rise in the third quarter on increased steel output, although raw materials sourcing issues continued to bite.
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The company posted a high net loss related to the divestment of the carbon bricks operation in Germany, but business was otherwise strong in both refractories and minerals sales.
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In its first trading update since the completion of the merger, the refractory maker highlights strong fundamentals in steel and industrial end markets, leading to high profitability and turnover.
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Strong chromite sales boosted the performance of MTI's minerals segment due to good conditions in its industrial and construction end-markets although its talc sales fell. The company will open a new precipitated calcium carbonate plant in Indonesia while it continues to focus on growing its business in Asia.
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Further growth was seen in refractories within the high resistance minerals and energy solutions & specialties operations, while the acquisition of Kerneos brought additional turnover.
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Market patterns governing andalusite trade are expected to change next year, as suppliers say they will seek shorter contracts amid a situation of high demand and limited output.
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Several consumers of refractory minerals gathered in Santiago told IM they are certain that “everything will appreciate” next year as shortage of materials will trigger higher contract prices.
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With the markets of several raw materials currently experiencing short supply and surging prices, refractory makers should invest into recycling options, delegates were told in Santiago.
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Ilmenite prices firmed; several buyers hope to settle 2018 refractory minerals supply contract early; market participants warned of potential acidspar price increase in China; antimony trioxide softens ahead of the Golden Week holiday
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Several buyers of refractory minerals are already seeking to settle next year’s contracts to lock in prices and volumes, but suppliers claim volatility is too high now to commit to earlier-than-normal negotiations.
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The crucibles will have a capacity of 3 tonnes of molten metal, which can be increased up to 10 tonnes for specific melting requirements.
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The proposed merger would lead to the creation of Europe's second-largest steelmaker.
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Improved activity in refractory sales to both steelmakers and industrial customers led to higher turnover but negative currency effects, impairment charges related to the divestments and merger-related costs dented profitability.
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The company’s magnesia carbon bricks facility in Germany is being acquired by Intocast, the group that is also taking over RHI’s dolomite operation in Italy and refractory plant in Spain.
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RHI is divesting its dolomite operations in Spain and Italy, which will be taken over by Germany’s Intocast, following European directives prior to the merger with Magnesita. Separately, the company is also selling off the fused cast refractories for glassmaking business in Italy and Russia.
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The ladle tube changer will connect ladle and tundish casting stages at thyssenkrupp CSA’s facility, removing the need for workers to operate near the molten metal and making the casting process more automated.
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The refractory products maker saw higher revenue and profits in the first half of the year, but warned that volatility in magnesia prices and supply can lead to further disruptions.
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The refractory maker posted record sales of dead burned magnesia but a combination of higher costs and negative exchange rate effects, as well as expenses related to the ongoing merger process with RHI, affected profitability.
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