MEIS 2018: China steel industry's growing need for metspar could limit supplies for rest of world

Strong growth in Chinese steel production and falling domestic supplies of metallurgical-grade fluorspar (metspar) mean China is likely to end 2018 as a net importer, with a knock-on effect on global supplies of the key fluxing agent for steelmaking.

This shift has come about because Chinese demand for fluorspar is increasing - the result of continued growth in domestic steel production - at the same time that the country’s fluorspar output is falling, despite China being the world's leading producer of fluorspar. After Chinese production of steel grew by 3% from 2016 to 2017, the pace of expansion accelerated leading to growth rate of 6.4% in January-October this year compared with the same period in 2017, figures from the World Steel Association (Worldsteel) show. "Chinese steel...


Michael Greenfield

December 19, 2018

18:11 GMT