05
Jan
17:24
Schnitzer ends year with quarterly loss
US metals recycler and longs producer Schnitzer Steel Industries posted a loss in its fiscal first quarter, but expects improving scrap market conditions to buoy its bottom line in fiscal Q2.
In the quarter ended November 30, Schnitzer recorded a loss of $1 million, down from a loss of $5m in fiscal Q1 2016, Kallanish notes.
The company’s auto and metals recycling (AMR) unit benefited from internal cost controls and production initiatives, but it was un…
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Anonymous
Very good overview of the weekly steel market.
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