Martin Marietta’s magnesia arm posts low Q2 sales due to weak steel sector

By Liz Gyekye
Published: Tuesday, 04 August 2015

The company’s speciality materials arm, which encompasses its magnesia business, is sensitive to changes in domestic steel capacity. As a consequence, low demand from the steel sector has caused the firm to record a dip in sales.

US magnesia and aggregates producer Martin Marietta Materials Inc. has reported a 2% dip in sales from its magnesia speciality operations to $60.5m from $61.9m for the second quarter of 2015, due to a decline in domestic steel production.

Martin Marietta’s magnesia products are used in steel production and...

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