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ELG Haniel: Sales and earnings drop in "significantly weaker market environment"

German stainless steel recycler posts pre-tax loss of €7m

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(D) – The German Haniel group reported a drop in first-half sales and operating results, which it attributed largely to its "early-cycle" stainless steel recycling unit ELG. According to the half-year report for 2019 published on 30 August, ELG experienced a "significantly weaker market environment", with increased ...

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