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Here is a selection of main takeaways from the GIFA and Metec trade show held in Dusseldorf, Germany, on June 25-29.
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The chief executive of major refractories producer RHI Magnesita says that consolidation in the industry is likely to continue.
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A deal struck between the European Union and South America’s Mercosur trading group will boost trade between the two blocs in industrial minerals and related products, Fastmarkets heard this week.
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Planned reduction in steel output will continue to dampen demand in the coming months, sources at the Dusseldorf trade show said.
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The failure of the latest round of US China trade talks has left importers of many pigments, clays and finished refractory materials facing a 25% tariff.
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The producer cited pressures on refractory raw material costs once the current phase of high stocks and falling prices, in markets such as magnesia, has passed.
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The scheduled tariff increase on Chinese material coming into the US has been delayed, pending further talks.
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The company, which sees volatile market conditions continuing this year, will focus on cash generation and cost control to reduce business risk.
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Fastmarkets is discontinuing price assessments in four markets, extending the consultation period on two more and suspending one assessment, following a consultation process with the market.
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Fastmarkets IM is opening a market consultation to seek feedback on its proposal to discontinue a range of prices across seven different markets.
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Key takeaways from the 61st International Colloquium on Refractories, held September 25-26 in Aachen, Germany
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Most delegates seem to agree that prices for raw materials, including bauxite, alumina, magnesia and graphite, will continue at high levels with small fluctuations.
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Attendees discuss how market participants will secure supply for the coming year, and how prices are expected to perform going forward.
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Graphite, magnesia, alumina and silicon carbide are excluded from the list of China-origin materials subject to a new US tariff, as are antimony, rare earths and barite. Pigments such as titanium dioxide will also be subject to the duty, as will refractory finished products, some ceramic minerals such as kaolin, and lithium.
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The central government is gearing up to impose fresh restrictions on industrial output during the winter months, which are likely to curtail mineral production and processing as they did in 2017.
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The refractories maker posted rises in sales and volumes to both industrial and steel end markets, and is investing in raw material assets and optimization of production lines.
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The Trump administration has asked its trade authorities to consider a 25% import duty rate on Chinese minerals rather than the 10% rate it officially proposed in July.
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The sand miner will ramp-up production in the next six weeks, following the company's first shipment, to 4 million short tons.
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The refractories producer managed to offset the rise in raw material costs while it achieved higher turnover and profits.
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The US/China trade war is heating up, and industrial minerals are in the firing line.
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The company will sell its roofing unit to a US-based private equity firm so it can focus on high-growth end markets.
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Strong demand for refractories from both steelmaking and industrial customers supported business in the first quarter and helped offset higher prices in mineral raw materials.
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EU trade commissioner Cecilia Malmström says consultations with stakeholders and member states on imposing retaliatory duties will continue.
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Europe could impose temporary safeguard duties on certain imports from the US if the Trump administration does not rethink its decision to apply blanket import tariffs on steel and aluminium products.
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Imerys has made a number of changes to its management board, with Gilles Michel appointed to chairman of the board while the role of chief executive officer will go to ex-AkzoNobel head of performance coatings, Conrad Keijzer.
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Industrial Minerals proposes to discontinue all of its caustic soda prices.
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The industrial minerals company's sales in 2017 benefited from rising graphite and electric vehicles demand.
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The US company scored increased turnover on supportive end markets, including refractories and metallurgy, offsetting poor conditions in the paper market in North America.
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Operations in Sproul and Oak Hill will be gradually wound down prior to closing later this year, while the producer focuses on the new monolithics plant.
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Stefan Borgas’s tenure will focus on setting a global refractory industry agenda, creating a collection of improved sector data and working to ease the raw materials shortage situation.
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Industrial Minerals will be closed from December 25 until January 1 in observance of the Christmas and New Year holidays.
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China's Ministry of Industry and Information Technology is preparing to publish its first list of domestic refractory companies that comply with industry regulations.
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Reduced demand, supply shortages and the burden of environmental inspections combined to reduce China's refractories output to 14.22 million tonnes in the first three quarters of the year.
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The European Commission has granted buyer approval for German group Intocast to take over the dolomite production sites in Italy and Spain and the carbon bricks operation in Oberhausen.
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The acquisition of Agellis Group is seen as strategic to deliver performance-enhancing products to end-users as metals producers which see their production costs rising.
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Refractories sales were on the rise in the third quarter on increased steel output, although raw materials sourcing issues continued to bite.
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The company posted a high net loss related to the divestment of the carbon bricks operation in Germany, but business was otherwise strong in both refractories and minerals sales.
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In its first trading update since the completion of the merger, the refractory maker highlights strong fundamentals in steel and industrial end markets, leading to high profitability and turnover.
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The China Nonmetallic Mineral Industry Association has discussed the outlook until 2020 and listed key developments in the sector from 1987 to 2017.
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Further growth was seen in refractories within the high resistance minerals and energy solutions & specialties operations, while the acquisition of Kerneos brought additional turnover.
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Market patterns governing andalusite trade are expected to change next year, as suppliers say they will seek shorter contracts amid a situation of high demand and limited output.
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Several consumers of refractory minerals gathered in Santiago told IM they are certain that “everything will appreciate” next year as shortage of materials will trigger higher contract prices.
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With the markets of several raw materials currently experiencing short supply and surging prices, refractory makers should invest into recycling options, delegates were told in Santiago.
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The crucibles will have a capacity of 3 tonnes of molten metal, which can be increased up to 10 tonnes for specific melting requirements.
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The proposed merger would lead to the creation of Europe's second-largest steelmaker.
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Improved activity in refractory sales to both steelmakers and industrial customers led to higher turnover but negative currency effects, impairment charges related to the divestments and merger-related costs dented profitability.
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The company’s magnesia carbon bricks facility in Germany is being acquired by Intocast, the group that is also taking over RHI’s dolomite operation in Italy and refractory plant in Spain.
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RHI is divesting its dolomite operations in Spain and Italy, which will be taken over by Germany’s Intocast, following European directives prior to the merger with Magnesita. Separately, the company is also selling off the fused cast refractories for glassmaking business in Italy and Russia.
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The refractory products maker saw higher revenue and profits in the first half of the year, but warned that volatility in magnesia prices and supply can lead to further disruptions.
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The refractory maker posted record sales of dead burned magnesia but a combination of higher costs and negative exchange rate effects, as well as expenses related to the ongoing merger process with RHI, affected profitability.
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