30
Jun
01:00
Schnitzer continues cost, productivity initiatives as losses mount
As it reported another quarterly loss, Schnitzer Steel Industries says it expects cost savings and productivity initiatives, as well as more stable market conditions, to provide momentum going forward.
The steel manufacturer and recycler reported a net loss of $10 million on revenues of $467m in its fiscal 2015 third quarter ended 31 May 2015. This compares to the same quarter one year earlier when net income was $3m on revenues of $635m, and the previous qu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous