A dry 
refractory composition having superior insulating value. The dry 
refractory composition also may have excellent resistance to molten metals and slags. The composition includes filler lightweight material, which may be selected from 
perlite, 
vermiculite, expanded shale, expanded fireclay, expanded 
alumina silica hollow spheres, bubble 
alumina, sintered porous 
alumina, alumina 
spinel insulating aggregate, 
calcium alumina insulating aggregate, expanded mulllite, 
cordierite, and 
anorthite, and matrix material, which may be selected from calcined alumina, fused alumina, sintered magnesia, fused magnesia, 
silica fume, fused silica, 
silicon carbide, 
boron carbide, 
titanium diboride, 
zirconium boride, 
boron nitride, aluminum 
nitride, 
silicon nitride, 
Sialon, 
titanium oxide, 
barium sulfate, 
zircon, a 
sillimanite group mineral, 
pyrophyllite, fireclay, carbon, and 
calcium fluoride. The composition also may include dense 
refractory aggregate, which may be selected from calcined fireclay, calcined Chamotte, a 
sillimanite group mineral, calcined 
bauxite, 
pyrophyllite, silica, 
zircon, 
baddeleyite, 
cordierite, 
silicon carbide, sintered alumina, fused alumina, fused silica, sintered 
mullite, fused 
mullite, fused zirconia, sintered zirconia 
mullite, fused zirconia mullite, sintered magnesia, fused magnesia, sintered 
spinel, and fused 
spinel refractory 
grog, a heat activated bonding agent, and a dust suppressant.