26
Jun
21:42
Schnitzer doubles earnings on general steel strength
US metals recycler and longs producer Schnitzer Steel more than doubled its fiscal third quarter earnings year-on-year, Kallanish understands.
In the quarter ended 31 May, Schnitzer produced earnings of $37 million on sales of $652 million. In fiscal Q3 2017, the company earned $17m on sales of $477m.
Schnitzer's auto and metals recycling (AMR) segment saw operating income jump from $34/ferrous short ton in Q3 2017 to $54/st. Its Cascade S…
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Anonymous
Very good overview of the weekly steel market.
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