Refractory producers scale back growth targets as steel stalls

By Laura Syrett
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...

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