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...