RHI Magnesita swings into profit despite higher raw material costs

By William Clarke
Published: Wednesday, 27 March 2019

The refractory maker reports higher end-user demand outweighing raw material volatility.

Refractory maker RHI Magnesita reported a sharp rise in revenues, thanks to increased sales volumes and prices, even as its raw material costs rose.

RHI Magnesita reported a pre-tax profit of €246 million in 2018, compared with a €5.9 million loss in 2017, with rising revenues more than outpaced increased raw material...

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