Non-steel sales saves RHI Magnesita in H1; more uncertainty ahead

By Davide Ghilotti
Published: Monday, 12 August 2019

The producer expects market uncertainty to continue in the second half of the year, potentially leading to more destocking from customers in the steel division, while the industrial and non-ferrous sectors performed better.

Refractories producer RHI Magnesita managed to achieve higher revenue and earnings in the first six months of 2019 amid what management described as "challenging market conditions" and weak demand in the steelmaking industry.

RHI Magnesita’s financial performance showed resilience despite widespread weakness in steel and refractories end-markets, particularly in western...

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