Higher steel production supports Vesuvius’ H1
Published: Thursday, 27 July 2017
Rising steel output globally in the first half of 2017 supported Vesuvius’ sales to steelmakers, leading to higher profits and turnover, but rising raw material prices are a concern.
Refractories manufacturer Vesuvius Plc posted double-digit
growth in revenue and profit in the first half of the year,
supported by improvement in steel markets and by the effect of
a deep cost savings programme.
Revenues at Vesuvius rose 24% in H1 to £831.5m
($1.085bn), while profit surged over 60% to...