Into the fire - View from the top – Magnesita Refractários SA

By Mike O'Driscoll
Published: Monday, 21 September 2009

IM interviewed Thiago Rodrigues, Global Chief Financial Officer, Magnesita Refractários SA, Brazil

Overall, how is the industry performing?

TR: The refractories industry is very dependent on the steel volume market (not price) and, to a lesser degree, the cement market. The steel market ex-China suffered a decline of 35% in produced volume between Q308 and Q109, directly impacting revenues of the industry....

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