UPDATE 1-SGL bets on scrap metal recovery with price hike

Newswire

* Hikes electrode prices in Europe, Asia by up to 30 pct * Sees no marked effect on profit before next year * Slump in prices has led to two profit warnings this yr * Shares gain 0.9 pct on the news By Ludwig Burger and Peter Maushagen FRANKFURT, July 23 (Reuters) - Germany's SGL Carbon has lifted prices for its most important product, graphite electrodes for the scrap metal industry, by as much as 30 percent to ...

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