RHI Magnesita reports strong refractories demand

By William Clarke, Fastmarkets IM

In a trading update the company attributed its strong performance in the third quarter to increased refractory demand, adding it is protected from high raw materials prices in China due to its integrated business model.

Refractories producer RHI Magnesita is benefiting from rising raw material prices, due to strong end-user demand and its own integrated business model, which reduces vulnerability to input costs.

The company reported that its steel division performed well in North America, where local refractory demand is being boosted by tariffs on imported steel….

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