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Stainless steel recycling firm ELG Haniel significantly reduces 2016 revenue forecast

Return to profitability expected despite "ongoing difficult market environment"

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(D) – Both turnover and income for the German stainless steel recycler ELG Haniel plunged sharply in the first half of 2016. ELG attributed the negative growth to "an ongoing difficult market environment" marked by considerably lower commodity prices for all relevant raw materials and reduced scrap availability on ...

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