Vesuvius PLC lifted by rising steel demand

Rising steel production is helping foundry products group  () although foreign currency pressures have increased.

Trading profit [EBITDA] for the full year will be in line with market forecasts said the engineer, though without the adverse currency shift it would have been 5% higher.

Global steel production rose 4.3% in the three months to September, but Vesuvius says its underlying sales growth has been better than that.