Bauxite supply crisis offsets soft demand on Covid-19 fallout
Published: Wednesday, 12 August 2020
The global refractories market has been severely hit by weak demand caused by the Covid-19 pandemic, yet refractory-grade bauxite prices have held firm due to tightening supply - a situation industry participants see as a "short-term new normal".
refractories market has been under pressure since 2019 and the
Covid-19 pandemic brought another blow to the market by
slashing industrial activity significantly in 2020.
Global output of crude steel, the major downstream consumer
of refractory products, fell by 6% year on year to 873.1
million tonnes in the first...