Resumen de RHI Magnesita: Brick by brick consolidation
The merger between RHI and Magnesita ‘makes sense’ because the refractory industry tends toward consolidation, while raw material shortages in China may lead supply to diversify elsewhere, according to the new company’s chief executive officer, Stefan Borgas. RHI must have taken the view that running the Norwegian FM line will now be economical in the long term, in order to justify the investment to re-establish production at the site, market participants have said to Industrial Minerals. Around 68% of the entire business will be focused on steel, while around 30-35% to other sectors, including cement, lime, aluminium, glass, copper and nickel.Globally, the steel market has gone through a stark restructuring phase in the past few years, owing to overcapacity in China and widespread low prices.
