RHI posts solid H1 2015 results but adjusts down second half guidance
Published: Thursday, 06 August 2015
A weak euro, strong US dollar and a robust steel division contributed to the Austrian refractories producer’s positive H1 results. However, RHI is worried about overcapacity in the Chinese steel industry and labelled its export strategy aggressive. This is leading to high pressure on steel prices and has driven the firm to adjust its outlook for the second half of 2015.
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