ELG posts sharp drop in 2019 results in "significantly weaker" market environment

"Worst year for stainless steel" since 2009 economic crisis

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(D) – German stainless steel recycler ELG Haniel GmbH recorded steep declines in sales and earnings in 2019. In particular, figures in the "early-cyclical" stainless steel scrap business were negatively impacted by a significantly weaker market environment with mounting price pressure and competition, wrote parent ...

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