Soaring Prices for Crucial Refractory Minerals Threaten Global Industry
Global steel market weakness led to low prices and high supply of bauxite and alumina used in refractories. Measures like switching to natural gas and improving waste systems were taken. Prices for different bauxite grades increased significantly by the end of the year. High purity grades became scarce in the market. In the United States, suppliers are trying to raise prices for alumina hydrate contracts in 2018.