Bauxite supply crisis offsets soft demand on Covid-19 fallout

By Sybil Pan
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".

The 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...

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