Foseco, the Tamworth company that supplies consumable products to foundries and steelmakers round the world, put out a confident trading update yesterday before half-year results due on September 14.
Its foundry operation, which accounts for 80 per cent of the total turnover with sales of £304 million last year, has maintained "positive momentum" reported at the time of the annual meeting.
The smaller business serving the steel industry has staged a steady recovery under a new chief executive after what a spokesman described as a "difficult" second half of 2005.
"Current indicators are that these positive trends are continuing and so the board is confident that the outcome for the full year will be in line with market expectations," Foseco stated.
The shares nudged 1/2p higher to 1733/4p against the trend of yesterday's nervous stock market.
The company's sales and service network covers 34 countries across the world, with 28 factories in 17 countries.