Recylex posts 1st-half loss

Aug 30, 2013 | 04:18 PM | Mark Burton

Tags  Recylex, Nordenham plant, Harz-Metall Waelz, scrap, earnings results, Yves Roche, lead smelter, lead scrap zinc oxide

LONDON — A combination of higher lead scrap prices and maintenance shutdowns at two German operations led Recylex SA to record a net loss in the first half of the year.

"The group’s interim results were impacted by scheduled maintenance shutdowns at the two major plants in the lead and zinc segments, which had a severe impact on earnings, as well as intense competition in scrap supplies which penalized margins in the lead business in particular," Recylex chairman and chief executive officer Yves Roche said.....

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