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Restructuring, falling prices and lower volumes lead to €300m loss for Scholz AG

Restructuring concept and search for investor on schedule

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(D) – German ferrous scrap recycler Scholz closed out the 2013 fiscal year with an after-tax loss of €314.0m. This compared to a break-even result one year earlier. The dramatic decline was chiefly due to significant non-recurring items. The termination of the business relationship with the Australian company CMA ...

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