25
Oct
17:57
Schnitzer records $19m fiscal year loss
US metals recycler and long products producer Schnitzer Steel plans to keep its costs low to await a general market turnaround, Kallanish learns from the company’s fiscal fourth-quarter and year-end earnings review.
Schnitzer posted a fiscal Q4 profit of $16 million on sales of $391m, up from a profit of $11m on sales of $457 in Q4 2015. Schnitzer’s loss for the year was $19m on sales of $1.353 billion, down from a loss of $197m on sales of $1.915 bi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous