Abstract: A valve with fire-resistant seal for use in industrial piping applications. The valve includes a valve body with a valve element therein. The valve is illustrated as a ball valve, but other valve configurations could also be used. A valve stem engages the valve element so that it can be rotated between open and closed positions. A conventional primary seal is used on the valve stem for normal conditions. The valve body defines a body bearing surface, and the valve stem defines a facing stem bearing surface. A thrust bearing is disposed between the body and stem bearing surfaces, and a fire-resistant seal is positioned radially inwardly from the thrust bearing. Initially, the fire-resistant seal is not engaged with at least one of the body or stem bearing surfaces, and the fire-resistant seal has a thickness less than an initial thickness of the thrust bearing.