Japan earthquake, or a refractory increased demand

Japan earthquake may lead to a decline in steel production in Japan, is conducive to China's steel exports decline in iron ore prices, bringing increased demand for refractory materials. Refractories industry competition, affect the profits of raw materials, extends upward inevitable.

Steel refractory major downstream. Number of refractory enterprises as of the end of 2010 to 2504, an increase of 9%, the growth rate dropped significantly. 06-09, refractory growth rate of the number of enterprises is climbing, the growth rate of 20% in 2009. The refractory major downstream steel, accounting for about 70%, historical data show that the refractory output growth and the growth rate of crude steel production has a high correlation. Refractory average production of 27 million tons in 2010, with growth of 3%. 10 years refractories production was 67.74 million tons, with growth of 12%, 1 to 2 per month to 987 million tons in 2011, with growth of 10%. February Refractories price index 103.8 epitaxial growth in the industry is based.