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