ELG Haniel Metals’ 2011 profits fall on lower nickel prices, scrap demand

May 21, 2012 | 12:33 PM |

UK stainless scrap company ELG Haniel Metals reported lower profits in 2011 as falling nickel prices in the last three quarters of the year, along with lower demand, affected the company’s financial results. ELG’s profit before income tax fell to £8.25 million ($13 million) in 2011, down from £10.2 million a....

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