Magnesita DBM sales prop up lacklustre full year results
Published: Thursday, 10 March 2016
The Brazilian refractories producer’s earnings figures highlight the importance of its industrial minerals offering in a tough steel market, as well as the favourable currency effect.
Magnesita Refratarios SA pointed to higher
deadburned magnesia (DBM) sales as offsetting the impact of a
lacklustre steel market in its 2015 results, released late
The Brazillian refractories and minerals producer posted a
net loss of Brazilian real (R)1.06bn ($288m*), compared to a
net loss of R97m ($264m) the previous year....