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Seize the current best opportunity, standardized refractory market

Refractory is the industry with a serious excess capacity. Many refractory production enterprises in China and highly dispersed, are the main reasons for the vicious competition. According to the statistics of 2016 key enterprises, the top 16 enterprises sales revenue accounted for about 18% of the total income of refractory products, less than 20%; the top 20 enterprises accounted for about 25%. Currently, the market is gradually shift to the direction of standardization, which is an excellent opportunity to standardize the refractory market.

At present, the overall contract business model, although there are payment lag and other unfavorable factors, but it has played a positive role in  integrating the market, improving the industrial concentration. The overall contracted business model for refractories production enterprises, has extremely high requirements on the product quality, variety and design, construction, maintenance and other supporting capacity, so bound to lead market opportunities to large-scale enterprises. After signing the contract, due to product variety restrictions, large-scale enterprises will inevitably choose some small and medium-sized enterprises to be matched.