Downstream industries and applications that consume refractory materials

Refractory materials are essential consumables in all high-temperature industrial processes, especially those produced in heavy industries such as steel, cement, glass, aluminum, and petrochemicals. Refractory materials are also one of the important factors that can be commercialized in heavy industrial sectors. No heavy industry manufacturer in the world could exist as a profitable commercial company without a constant supply of high quality refractory materials to control heat and process reactions, providing a clear and powerful indication of the importance of refractory materials. Downstream Industry  Application Replacement Cost Steel  Alkaline Oxygen Arc Furnace Casting Ladle 20 minutes to two months 3.0% Cement/lime  Rotary kiln per year 0.5% Non-ferrous metal Copper converter 1-10 years 0.2% Glass Glass melting furnace up to 10 years 1.0% Energy/Environment/Chemicals 2nd stage

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Russian Ukraine war 2022 influnce world economy

On February 24, Russian President Vladimir Putin has decided to conduct a special military operation in the Donbas region. Russian Ukraine war broke up. According to a report on March 3, the war in Ukraine will cause at least 400 billion US dollars in losses to the global economy this year. Global economic growth will be hit hard, while European countries economy was most affected, the report said. The report believes that commodity (mainly oil) prices are the most serious threat to the world economy.

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