RHI Magnesita raises refractory prices by 5% globally

RHI Magnesita has announced a global price increase for its products and solutions across both the steel and industrial divisions of five per cent across its portfolio.

"To further accelerate investment in technology, environmental solutions, regulatory demands and the production infrastructure necessary to serve our clients, we are adjusting our prices to sustainable levels. This will fully reflect the value of our investments in backward integration as well as our intense service-based model and is paramount to maintain our position in the long-term as the most reliable partner of our customers and to drive value and innovation in our industry," said Gustavo Franco, Chief Sales Officer at RHI Magnesita.

Global scarcity of raw materials is still evident, predominantly a result of Chinese environmental regulations restricting mining and processing.