Shrinking profits affect China's refractory makers
Published: Friday, 16 September 2016
The survival of Chinese refractory producers and exporters is jeopardised by persistant weak market conditions, which brought about a decrease in revenues and profit margins in the first half of 2016 and is causing immediate financial issues for operators.
Refractory demand in China for the
first half of 2016 has followed similar trends seen in 2015;
characterised by decreases in output, revenues, profit, exports
and average prices, and an increase in accounts
Refractory production in H1 suffered a...