RHI’s revenues decline in Q3 due to depressed glass and non-ferrous metal market

By Antonio Torrisi
Published: Wednesday, 05 November 2014

Sluggish demand for glass in a slowly developing construction industry and a depressed non-ferrous metal industry due to falling metal prices have impacted RHI’s refractories business and profits and could force the company to close a site in Europe.

Austria-based refractory producer RHI AG saw its business slacken in the third quarter of this year due to a sluggish demand for its refractory products in the glass and non-ferrous metal markets.

The company’s revenues in Q3 2014 amounted to €415.6m ($519.5m*), a 4.9% decline quarter-on quarter (q-o-q) and a...

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