Refractory producers scale back growth targets as steel stalls
Published: Wednesday, 24 October 2012
Shinagawa, IFGL and Cookson are unlikely to reach previous profit estimates
Refractory producers around the world have
lowered their growth outlooks for 2012-2013 as the global
economic slump continues to weigh down end markets for heat-resistant materials
and company investments.
Japan-headquartered Shinagawa Refractories Co Ltd
announced last week that it had reduced its consolidated
mid-year outlook for revenue from Japanese Yen...