Chiho Environmental and metals recycler Scholz expect steep drop in first-half profits

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Germany-based metals recycler Scholz generated significantly less profit in the first half of 2023 as a result of weak demand and falling ferrous scrap prices. Scholz’s Chinese parent company, Chiho Environmental Group, issued a profit warning in early August.

Read more about the expected extent of the decline in earnings and its causes here:...

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