Economy

RHI Magnesita Sets Up N. America Base in Tampa
Written by Laura Miller
May 16, 2023
Tampa, Fla. is now home to the North American headquarters of refractory provider RHI Magnesita.
With operations in 37 countries, the Vienna, Austria-based company is a global provider of high-grade refractory products used in the steel, cement, non-ferrous metal, and glass industries. The new corporate hub in Tampa will serve customers in the US, Canada, and Mexico.
“We are excited to officially open our North American headquarters in Tampa, Fla. The market in the mid-Atlantic and southeastern US has grown tremendously, so opening a corporate office in the area will allow RHI Magnesita to further advance our key initiatives, expand our team with diverse top talent, and best serve the fluid needs of our customers,” explained Craig Powell, RHI Magnesita’s regional president – North America.
“We look forward to connecting with new talent in the region and utilizing our North American headquarters as a space for strategic collaboration that will advance our existing business goals, fuel our growth, and allow us to make positive changes globally,” Powell added.
By Laura Miller, laura@steelmarketupdate.com

Laura Miller
Read more from Laura MillerLatest in Economy

ISM: Manufacturing growth slows in July, hits 10-month low
US manufacturing activity slowed again in July to a 10-month low

CRU: Pushing EU imports back to 15% would be a big task
Several EU member states have published a ‘non-paper’ that puts forward proposals for a post-safeguard trade measure.

SMU Community Chat: Tariff-induced panic purchases, inflation, and calculating costs
Chief executive of the Institute for Supply Management (ISM), Tom Derry highlighted how reactive buying behavior has shifted the market into a quiet demand period. Derry presented ISM data during the weekly SMU community chat.

Architecture billings still sluggish despite project inquiry uptick
The Architecture Billings Index (ABI), a leading indicator for non-residential construction activity, declined for an eighth straight month in June.

Beige Book: Tariff pressures mount, flat outlook
All districts reported “experiencing modest to pronounced input cost pressures related to tariffs, especially for raw materials used in manufacturing and construction.”