Weak Brazilian market weighs on Magnesita's industrial minerals arm
Published: Thursday, 14 August 2014
Magnesitas Refratarios results show that while demand has ebbed in the domestic market for industrial minerals, refractories sales in new markets look stronger.
Magnesita Refratários today posted H1 2014 results
which highlighted a 28.7% drop in industrial minerals
production volumes and a 12.3% drop in profit. Revenues for the
business were up 6.9%.
Minerals sales reached Brazilian real (R$) 34.8m ($15.3m)*
in Q2 2014, which is 12.4% lower...