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Stainless steel recycler ELG saw profits tumble in 2009

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(D) – The stainless steel recycler ELG Haniel had to cope with a significant deterioration in its revenues and profits in the year 2009. In late April, conglomerate Franz Haniel & Cie GmbH published its annual report showing that its recycling subsidiary suffered a 45% drop in turnover to €1.546bn last year. ...

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