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

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...

Published

Viral Shah

September 10, 2018

13:42 GMT

Berlin