RHI Magnesita reports strong refractories demand
Published: Tuesday, 06 November 2018
In a trading update the company attributed its strong performance in the third quarter to increased refractory demand, adding it is protected from high raw materials prices in China due to its integrated business model.
Refractories producer RHI Magnesita is
benefiting from rising raw material prices, due to strong
end-user demand and its own integrated business model, which
reduces vulnerability to input costs.
The company reported that its steel division performed well
in North America, where local refractory demand is being
boosted by tariffs on imported steel....