Higher steel production supports Vesuvius’ H1

By Davide Ghilotti
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...

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