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ELG Haniel saw earnings plummet last year

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(D) – The German stainless steel recycler ELG Haniel GmbH posted a sharp plunge in revenues and profits last year due to the falling nickel price. In its latest annual report, parent conglomerate Franz Haniel & Cie. GmbH announced that its subsidiary’s revenues had dropped 24.7 per cent from 2007’s record to ...

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