30
Jun
22:12
Schnitzer records Q3 profit
US steel producer and recycler Schnitzer Steel Industries recorded a profit in the third quarter, Kallanish reports.
Schnitzer posted a Q3 profit of $0.41/per diluted share, or $27 million, on sales of $352m,
"Successful execution of our multi-year strategy to reduce costs and improve productivity led to our auto and metals recycling business delivering its best quarterly operating income per ton performance since fiscal 2011," says ceo Tamara Lundg…
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Anonymous
Very good overview of the weekly steel market.
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