27
Sep
18:35
Schnitzer eyes hefty fourth-quarter profit
US longs producer and recycler Schnitzer Steel Industries expects its fourth-quarter earnings to be up significantly year-on-year, Kallanish understands.
Schnitzer expects to make adjusted earnings per share of $0.93-0.98 in Q4, up from $0.63/share ($18 million) in Q4 2017.
The company’s auto and metals recycling unit should generate operating income of $32-34m, or $31-33/ferrous short ton. In Q4 2017, the unit generated operating income of $24m or $28/…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous