Stainless steel recycler ELG Haniel posts sharp drop in sales and earnings in 2012

Margins under pressure / Slight growth expected in 2013

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(D) – Stainless steel recycler ELG Haniel posted considerably lower sales and earnings in the 2012 business year. The ELG division was able to keep its output tonnage of stainless steel scrap stable compared to the previous year, said parent company Franz Haniel & Cie GmbH in its annual report published in April. ...

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