Refractory market could suffer from Chinese steel company shutdowns

By Nilima Choudhury
Published: Monday, 12 May 2014

The government’s actions against the steel, cement and glass industries, to reduce pollution and cut overcapacity would impact industrial minerals like alumina, andalusite, bauxite, graphite, magnesia and zircon

China has raised its target to close inefficient steel plants to 28.7m tonnes in 2014, impacting refractories minerals suppliers.

The country’s Ministry of Industry and Information Technology (MIIT) said it also wanted to phase out cement by 50.5m tonnes and glassmaking by 35m tonnes, in a bid to cut...

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