Steel market woes are weighing on refractories

By IM Staff
Published: Friday, 03 January 2020

Pressure is continuing to mount on the refractories sector while its main market – the steel industry – suffers from overcapacity, trade tensions and emissions reduction targets, Rose Pengelly finds.

The refractories industry has had another testing year. According to US-based procurement intelligence firm Beroe Inc, trade in refractories in 2019 was largely a buyers’ market, due to supply surpluses and strong rivalry between around 1,500 refractory suppliers globally, effectively giving consumers the power to dictate prices for some products....

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