Slow steel market docks $9m from Martin Marietta’s magnesia business
Published: Tuesday, 09 February 2016
The company said little about its speciality magnesia arm, which was one of its worst performing divisions last year thanks to softness in the steel sector, while broader strong economic activity in the US bolstered its aggregates businesses.
A 7% drop in
North American steel capacity utilisation dragged sales of
speciality magnesia for
Martin Marietta Materials Inc. down by $9m, or 4%, last
year, the company said today.
The US aggregates producer said that steel plants in the
region are now operating at just 71% of capacity, down from