15
Jun
17:21
Schnitzer expects third quarter earnings boost
US recycler and longs producer Schnitzer Steel Industries expects its fiscal third quarter earnings to be significantly higher than fiscal Q2, Kallanish reports.
Schnitzer plans to announce adjusted earnings of $0.52-0.56/share for the quarter ended 31 May, up from earnings of $0.37/share, or $10 million, in Q2.
The boost will come primarily from the company’s auto and metals recycling segment, as ferrous volumes are expected to be up 12% and non-ferrou…
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Anonymous
Very good overview of the weekly steel market.
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