20
Dec
21:55
Schnitzer expects net loss in Q1
Portland, Oregon-based US long steel producer Schnitzer Steel Industries is expecting to incur an $18-20 million net loss during its first quarter due to disruptions at two separate facilities, Kallanish reports.
According to the company, prolonged disruptions at both its Everett and Oakland metals recycling facilities during the quarter and weaker market conditions contributed to lowered sales. The latest projections by Schnitzer suggest that the c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous