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

Competitive environment puts pressure on margins in first half of 2012

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(D) – Stainless steel recycler ELG Haniel posted significantly lower sales and earnings in the first half of the 2012 business year. As the parent company Franz Haniel & Cie GmbH reported in late August, the ELG unit was able to raise its output tonnage of stainless steel scrap by 2 per cent compared to the same ...

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