Chinese refractories industry buckles under overcapacity pressure
Published: Monday, 27 April 2015
Production falls for first time in a decade; industry must face up to steel cuts, association warns while demand from cement and glass is also on the slide.
Refractories output in China slipped for the first time in a
decade last year as the country’s economic growth
slowed to a rate of 7.3% in the final quarter – the
lowest increase in GDP since 1990. This conclusion is based on
analysis by the China Refractory Association, which held...