Sluggish steel division hinders RHI’s H1

By Davide Ghilotti
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 business development"...

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