RHI refractories doubles profit

By Mark Watts
Published: Tuesday, 03 August 2010

Austrian group’s second quarter results driven by recovery in global steel markets

Leading refractories producer RHI AG more than doubled profits in Q2 2010 driven by a recovery in demand from the global steel industry, but construction-related markets remained stagnant.

The Austrian group reported an operating profit of €40.8m. ($53.9m.) compared with €17m. in the same period last year, while sales rose...

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