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Scholz AG: Lower tonnage and falling scrap prices lead to 20 per cent drop in revenues

After-tax loss of €122m in first nine months / Restructuring plan on schedule

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(D) – As a result of declining ferrous scrap volumes and prices, Scholz AG saw its revenues decline by 20 per cent in the first nine months of this year. The steel and metal recycling company last week reported a turnover of €2.97bn for the first three quarters of 2013, compared to €3.71bn in the same period of ...

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