Vesuvius plc (CKSNY) 4 Months Period Ending/ Trading Statement Call Transcript

Core Message - The key end markets of Steel and Foundry have remained stable at low levels, but there are emerging signs of improved midterm prospects for these markets [2]. Steel Market Performance - Steel production outside of China has increased by only 0.5% since the beginning of the year, indicating subdued levels, except for India, which continues to grow at a good pace [3]. - The 0.5% growth in steel production would have been 1.7% if not for the stable net steel exports from China, which have increased by nearly 10% [3]. - The underlying steel consumption outside of China is considered to be quite healthy despite the low production growth [3].