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Vesuvius looks for Chinese growth

As the company struggles with a downturn in the global steel industry, management is looking to China for a recovery
July 29, 2019

China’s dominance in the global steel industry is both a blessing and a curse for Vesuvius (VSVS). For now, the fact that the country is responsible for more than half of the world’s crude steel production is problematic. Less than 10 per cent of Vesuvius’ revenue currently comes from China, which means weakness in the wider global steel market dented group revenues in the first half of 2019.

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