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ELG Haniel burdened by weak demand for scrap and falling raw material prices

Stainless steel sales down by 11 per cent in first half of year

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(D) – German stainless steel recycling company ELG ended the first half of 2013 with a marked setback in revenues and operating profits due to lower demand for scrap and receding raw material prices. Revenue for the first six months of the year amounted to €1.049bn, 25 per cent lower than the previous year’s ...

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