Tata Steel closure of UK business latest death knell for refractories
Published: Wednesday, 30 March 2016
The closure of Tata Steel's UK plants is expected to weigh heavily on industrial minerals markets. At the time of writing it was not clear whether or not the operations would be closed down, sold off or rescued by the UK government. Whatever the outcome, Tata's decision to pull out of its British steel business is a body blow for UK and European refractories producers, which rely on steel consumers.
Around 60-70% of the world’s refractories
output is destined for the steel making sector, while the rest
is mostly used in the production of iron, cement,...