Weak markets hit Magnesita's Q3 as earnings improve

By Davide Ghilotti
Published: Monday, 14 November 2016

The company, which is in the process of merging with European refractory maker RHI, was affected by a downturn in steel output in its main exporting markets, while earnings improved against last year.

Brazilian refractory producer Magnesita Refratários SA reported a challenging third quarter on the back of declining steel production and a weak domestic cement sector, which hit sales volumes and turnover.

Following a return to profitability in the previous quarter, low steel and cement production in Q3 exposed the company to further...

This is a preview of the full article

Logo
  • 2 years pricing data on all minerals
  • The latest global news and features
  • Print magazine
  • Article archive ranging from 1988
  • Access on the move with IM Insight mobile app




Take a Trial or Subscription today. Start below: