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RHI Magnesita profits dive on weak markets

The world's largest manufacturer of refractories is slashing costs
RHI Magnesita profits dive on weak markets

A slump in revenues across RHI Magnesita’s (RHIM) steel and industrial divisions more than halved its half-year pre-tax profits. The world’s largest manufacturer of refractories expects activity levels to remain low during its third quarter and admitted limited visibility thereafter, and has set about cutting costs accordingly.

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