Rhi Magnesita (GB:RHIM) has released an update.
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RHI Magnesita, a global leader in refractory solutions, reports aligning with its 2024 guidance despite subdued Q1 demand in construction and transportation markets, counterbalanced by M&A activities. The company secured a major contract for a green steel project in Germany, which is set to bolster revenues and support its strategy in eco-friendly steel production. Financially, RHI Magnesita remains stable with a slight reduction in net debt and is progressing with strategic acquisitions, including the planned purchase of Resco Group.
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