AT A GLANCE: Vesuvius sales fall as global steel, vehicle production slow
Published: Thursday, 04 March 2021
UK-registered refractory producer Vesuvius reported a sharp drop in demand for its products in 2020, driven by a slowdown in global economic activity in the wake of the Covid-19 pandemic.
Vesuvius’ steel division reported revenues of
£1.05 billion ($1.46 billion) in 2020, a drop of 12.5%
year-on-year. Global steel production excluding China and