15
Jan
19:28
Schnitzer expects ferrous metal sales to increase 5%
Portland, Oregon-based metals recycler and longs producer Schnitzer Steel Industries expects sales of ferrous metal sales to increase by 5% this year following a strong performance during the first quarter of fiscal 2021, Kallanish reports.
According to the company's first-quarter earnings conference, finished steel sales volumes were up 18% on-year and decreased by -4% from the prior quarter. Rolling mill utilisation for Schnitzer was at 97% during Q1, reflec…
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Anonymous
Very good overview of the weekly steel market.
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