Sluggish steel division hinders RHI’s H1
Published: Tuesday, 09 August 2016
Slow business in the steel industries in Europe, China and Latin America led to lower revenues for the German refractory manufacturer in H1 as cement, glass and energy also saw some decline.
German refractory products manufacturer
RHI AG saw an 8% revenue decrease in the first half of 2016
following slower business in its steel division.
Revenues from the steel business – the largest
income generator for the company – fell 5.6% in H1
year-on-year (y-o-y) to €542.3m ($601.2m*) due to "weaker