Refractories industry has a high degree of resource dependence and dispersion, competition issues such as low productivity, on the other, along with the specification downstream industry consolidation, refractories require progressively higher, product upgrading also will become refractory industry in the future development direction. 
Future trends there are three possibilities: 
the first is unshaped and percentage of high-grade refractory materials to upgrade. As in recent years, steel, cement, glass and raw materials industries increasingly accelerated pace of consolidation, we can anticipate a future refractories quality requirements will gradually increase, and based on international experience of developed countries, percentage of unshaped Refractories in China in the future will increase year by year. 
Second: horizontal expansion. Refractories industry itself has a low concentration, competitive, and we expect a future refractories business continues through a series of mergers and restructuring to achieve business development to expand its market share, to seize more market share.