RHI Magnesita reports falling refractory demand, even before Covid-19 effects

By William Clarke
Published: Friday, 03 April 2020

Refractory producer RHI Magnesita reported falling revenues in 2019 due to customer destocking and weaker

RHI Magnesita on April 1 reported 2019 revenues down by 6.5% year on year, to €2.92 billion ($3.15 million). Pre-tax profit was down by 19%, to €246 million.

"The difficult market environment in the second half of 2019 has continued in the first quarter of 2020," RHI Magnesita...

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