Martin Marietta’s magnesia arm posts low Q2 sales due to weak steel sector
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
Martin Marietta’s magnesia products are used in
steel production and...