The Global Tundish Covering Compound Market was valued at USD 725 Million in 2025 and is projected to reach USD 1.12 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period (2026–2034). This growth is being driven by the expansion of global steel production, the increasing demand for high-quality specialty steels, and the critical role these compounds play in enhancing continuous casting efficiency and product purity.

As the steel industry intensifies its focus on operational excellence and sustainability, the spotlight is on the refractory material suppliers who are at the forefront of innovation in thermal management and steel cleanliness. In this blog, we profile the Top 10 Companies in the Tundish Covering Compound Industry—a mix of global giants and specialized manufacturers shaping the future of secondary steelmaking.

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🔟 1. Vesuvius plc

Headquarters: London, United Kingdom
Key Offering: Advanced Tundish Covering Compounds, Flow Control Systems, Refractory Solutions

Vesuvius is a world leader in molten metal flow engineering and refractory products, serving the global steel industry. Their extensive portfolio includes high-performance tundish covering compounds designed for superior thermal insulation, minimization of heat loss, and effective absorption of non-metallic inclusions to ensure the production of cleaner steel.

Innovation Initiatives:

• Development of low-carbon and environmentally sustainable compound formulations

• R&D focused on extending tundish sequence length and reducing consumption

• Global technical service network supporting steelmakers worldwide

Download FREE Sample Report: Tundish Covering Compound Market – View in Detailed Research Report

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9️⃣ 2. RHI Magnesita

Headquarters: Vienna, Austria
Key Offering: Tundish Linings, Covering Compounds, High-Grade Refractories

RHI Magnesita is the global leader in refractory products, offering a comprehensive range of solutions for the steel industry. Their tundish covering compounds are engineered to provide excellent insulation, prevent re-oxidation, and improve steel yield, making them a trusted partner for integrated steel plants and mini-mills alike.

Innovation Initiatives:

• Investment in recycling and circular economy solutions for refractory materials

• Development of tailored compounds for specific steel grades and casting conditions

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8️⃣ 3. Krosaki Harima Corporation

Headquarters: Kitakyushu, Japan
Key Offering: Tundish Covering Agents, Monolithic Refractories, Specialty Ceramics

Krosaki Harima is a leading Japanese manufacturer of high-quality refractory products. The company’s tundish covering compounds are renowned for their consistent performance and ability to maintain steel temperature stability, which is crucial for the production of high-grade steels in the Asian market and beyond.

Innovation Initiatives:

• Focus on high-insulation and exothermic compound technologies

• Strong R&D capabilities focused on improving steel cleanliness

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7️⃣ 4. IFGL Refractories Ltd.

Headquarters: Kolkata, India
Key Offering: Tundish Boards, Covering Compounds, Continuous Casting Refractories

IFGL Refractories is a key player in the Indian and global markets, specializing in refractory products for continuous casting. Their tundish covering compounds are formulated to reduce slag formation and heat loss, directly contributing to improved operational efficiency and cost savings for steel producers.

Innovation Initiatives:

• Expansion of production capacity to meet growing domestic and international demand

• Development of cost-effective solutions for emerging market steel plants

Download FREE Sample Report: Tundish Covering Compound Market – View in Detailed Research Report

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6️⃣ 5. Resco Products, Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Acidic & Neutral Tundish Compounds, Refractory Castables, Pre-cast Shapes

Resco Products is a prominent North American refractory manufacturer with a strong focus on the steel industry. The company offers a range of tundish covering compounds known for their reliability and performance in demanding continuous casting environments, particularly in the specialty steel sector.

Innovation Initiatives:

• Customized compound development for mini-mills and electric arc furnace (EAF) operators

• Emphasis on product consistency and supply chain reliability

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5️⃣ 6. Steelin

Headquarters: Istanbul, Turkey
Key Offering: Tundish Covering Compounds, Ladle Linings, Refractory Cements

Steelin is a major refractory supplier in the Europe, Middle East, and Africa (EMEA) region. The company has built a strong reputation for its high-quality tundish covering compounds, which are essential for steelmakers seeking to optimize their casting operations and enhance final product quality.

Innovation Initiatives:

• Strategic positioning to serve the growing steel industries in Eastern Europe and the Middle East

• Focus on developing compounds with improved application properties and reduced dust

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4️⃣ 7. Anker Industries

Headquarters: Maharashtra, India
Key Offering: Tundish Covering Compounds, Ladle Well Filling Compounds, Gunning Mixes

Anker Industries is a leading Indian manufacturer of monolithic refractories. The company provides effective tundish covering solutions that help steel plants maintain molten steel temperature and minimize skull formation, thereby improving yield and reducing downtime between sequences.

Innovation Initiatives:

• Strong focus on the cost-sensitive requirements of the Indian steel market

• Investment in backward integration for raw material security

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3️⃣ 8. Deref

Headquarters: Istanbul, Turkey
Key Offering: Refractory Products, Tundish Compounds, Insulating Materials

Deref is a significant player in the refractory sector, supplying products to steel mills across Turkey and neighboring regions. Their tundish covering compounds are designed to meet the specific operational needs of both integrated plants and smaller-scale producers, ensuring consistent performance.

Innovation Initiatives:

• Adaptation of product formulations to local raw material availability

• Expansion of product range to cover various tundish lining configurations

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2️⃣ 9. Zhangjiakou Huide Metallurgy Material Co., Ltd.

Headquarters: Hebei, China
Key Offering: Tundish Covering Compounds, Refractory Powders, Insulating Agents

As a key Chinese manufacturer, Zhangjiakou Huide benefits from its proximity to the world’s largest steel-producing region. The company supplies a vast quantity of tundish covering compounds to domestic steel mills, focusing on cost-effectiveness and reliability for high-volume production.

Innovation Initiatives:

• Scaling production to support China’s massive steel industry

• Development of products suitable for automated application systems

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1️⃣ 10. Gongyi Fuchong Metallurgical Material Factory

Headquarters: Henan, China
Key Offering: Tundish Covering Agents, Refractory Granules, Foundry Materials

Gongyi Fuchong is a specialized manufacturer catering to the metallurgical industry in China. The company produces a range of tundish covering compounds that are vital for the efficient operation of continuous casting machines in numerous small and medium-sized steel plants across the country.

Innovation Initiatives:

• Focus on serving the specific needs of regional and niche steel producers

• Agile manufacturing and responsive supply chain capabilities

Get Full Report Here: Tundish Covering Compound Market – View in Detailed Research Report

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🌍 Outlook: The Future of Tundish Covering Compounds Is Smarter and More Sustainable

The tundish covering compound market is undergoing a significant transformation. While traditional powder and granular forms still dominate, the industry is increasingly investing in advanced formulations, application technologies, and sustainable production methods to meet the evolving demands of modern steelmaking.

📈 Key Trends Shaping the Market:

• R&D into low-consumption, high-efficiency compound formulations

• Integration of digital monitoring for optimized application and performance tracking

• Growing adoption of pre-formed boards for improved working conditions and consistency

• Increasing demand for alkaline and neutral compounds for high-grade steel production

Get Full Report Here: Tundish Covering Compound Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials to the steel industry—they’re driving the innovation and efficiency required for the next generation of sustainable steel production.