On August 13, Cologne, Germany-based environmental services raw materials trading company Interseroh SE issued its financial results for the first half of 2010, stating that elevated demand and prices for steel scrap and non-ferrous metals resulted in strong sales in this segment.
According to the financial results, a pre-tax profit of €29.3 million was registered in the first half of 2010, compared with a pre-tax loss of €4.6 million in the first half of 2009. In the first six months of 2010 the company's net sales were €967.7 million, compared to €577.8 million in the first half of 2009.
Elevated demand for steel scrap and non-ferrous metals in conjunction with prices above the level of the same period in the previous year resulted in a strong sales hike in the steel and metals recycling segment, the company said. Sales rose compared to the same period in the previous year from €371 million to €698.2 million in the first half of 2010.