07
Jan
21:34
Schnitzer earnings increase in fiscal first quarter
Portland, Oregon-based metals recycler and longs producer Schnitzer Steel Industries has experienced an increase in earnings from Q4 2020 to Q1 2021, Kallanish reports.
In the company's first quarter of fiscal 2021 ending 30 November, Schnitzer recorded a net earnings gain of $14 million on sales of $492m. This is up from the company's prior quarter earnings, during which Schnitzer experienced a net gain of $4m on sales of $465m. On-year, Schnitzer's…
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Very good overview of the weekly steel market.
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