Steel market woes are weighing on refractories
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