Refractory minerals outlook: slow growth period looms
Mineral supply chain and market competition awareness urged
One of industrial minerals’ key consuming markets, refractories, is expected to undergo a period of slow growth for the next few years, meaning at least steady, if not reduced, demand for refractory minerals.
RHI AG’s Weissenstein magnesite mine, Austria, supplies feedstock for dead bued magnesia used in refractories
The steel industry is the main driver for refractories, consuming 70% refractory bricks and monolithics, and is projected to grow by a mere 0.5-1.8% in the next few years, according to Hans Jürgen Kerkhoff, President of the German Steel Federation.
Speaking at the opening session of last week’s UNITECR 2015 in Vienna, the biennial gathering of the world’s refractories industry, Kerkhoff waed that the industry should be adapting to the “new normal” of steel production performance, ie. a low growth period, following many years of increasing ou Keramos...
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