ELG reduces earnings outlook for full year 2018 despite strong revenue growth

Pressure on EBIT due to higher procurement prices and hedge deals


(D) – Market conditions for the stainless steel scrap business are favourable. Worldwide stainless steel output in the first half of the year increased by 7 per cent and higher commodity prices improved the availability of scrap on the procurement market, reports German stainless steel recycler ELG Haniel in the ...

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