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ELG Haniel posts profit for 2002 business year

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(D) – The German stainless steel recycler and trader ELG Haniel GmbH booked earnings of €19m from continuing businesses in 2002. In 2001, ELG posted a loss of €4m. The five per cent increase in manufacturing in the stainless steel industry, coupled with an average nickel price of USD6,800 per tonne last year, ...

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