26
Sep
15:15
Schnitzer expects sharp profit fall
US recycler and longs producer Schnitzer Steel Industries expects its fiscal fourth-quarter earnings to deteriorate both on-quarter and on-year, Kallanish learns from company guidance.
Schnitzer plans to earn $0.38-0.43/share in the quarter ended 31 August, down from fiscal Q3’s $0.56/share and fiscal Q4’s $2.08/share.
“Markets for recycled metals weakened in the fourth quarter, including a marked deterioration in August with a continued dec…
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Anonymous
Very good overview of the weekly steel market.
Anonymous