RHI financials suffer in 2013 but company sticks to guns on raw materials

By Laura Syrett
Published: Monday, 28 April 2014

Earnings fall 34% from 2012 as steel struggles; Turkish acquisition ups magnesia capacity; Vertical integration proving problematic

Austria’s RHI AG confirmed the negative effects on profits and revenues of what it described as “a persisting difficult market environment” for refractories during financial year 2013 in the company’s full year report, released in April.

The Vienna-headquartered group’s EBIT* for the last financial...

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