Hepworth Ceramic Holdings PLC and Steetley PLC
A report on the proposed merger of Hepworth Ceramic Holdings PLC and Steetley PLC

Contents
Chapters
Introduction
Chapter 1	Hepworth Ceramic Holdings PLC and Steetley PLC
Chapter 2	The market for refractories and refractory raw materials
Chapter 3	Hepworth Ceramic Holdings PLC
Chapter 4	Steetley PLC
Chapter 5	Financial information
Chapter 6	The background to the proposed merger
Chapter 7	Structure and competitiveness of the market for refractories
Chapter 8	Views of the main parties
Chapter 9	Views of third parties
Chapter 10	Conclusions

Appendices