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Stainless steel recycler ELG reports strong growth in sales and earnings in 2017

Higher raw material prices and better scrap availability / Positive outlook

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(D) – German stainless steel recycler ELG Haniel returned to the black in 2017 thanks to a better market environment and higher tonnages. After reporting pre-tax losses of €23m and €7m in the two previous years, the subsidiary of the Duisburg-based conglomerate Franz Haniel & Cie. posted pre-tax income of €30m ...

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