China's refractory consolidation: a year on

By Siobhan Lismore-Scott, Albert Li IM analyst, Shanghai
Published: Monday, 20 October 2014

A year after Chinese authorities took the decision to clean up the refractory industry in China, IM takes a look at progress made so far and the impact of the shut downs on the industry as a whole.

Renshou County, Sichuan Province, is the largest refractory base in southwest China. A year ago, there were 67 refractory companies operating in the province alongside three chemical companies and five ceramic companies, which held a cumulative value of Chinese renminbi (Rmb) 4.9bn ($800m*) in 2013 and a tax revenue of...

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