Scrap recycler ELG Haniel reports strong H1 earnings on high nickel, stainless scrap prices

By Viral Shah / September 10, 2018 / www.metalbulletin.com / Article Link

Germany-based steel scrap recycling group ELG Haniel has reported strong earnings for January-June 2018, benefiting from "higher commodity prices and improved scrap availability."

ELG Haniel reported revenues of ?,?986 million ($1.14 billion) in the first half of 2018, up from ?,?905 million in the corresponding period in 2017, in a financial statement published on August 31.Global stainless steel production rose in the first half the year by 7% year-on-year, according to ELG, on...

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