06
Apr
18:20
Schnitzer realises Q2 loss, hopes for smoother Q3
US recycler and longs producer Schnitzer Steel Industries expects scrap market conditions to moderate somewhat in the company’s third quarter, Kallanish learns from the company’s Q2 earnings review and outlook. Volatility remains a going concern however.
Schnitzer posted an adjusted net loss from continuing operations in the quarter ended 29 February of $0.25/per share, or $7 million. Last year, the company posted a comparably derived Q2 lo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous