06
Jan
20:48
Schnitzer suffers $18m net loss in Q1
A net loss of $18 million on sales of $599m was incurred during Portland, Oregon-based US long steel producer Schnitzer Steel Industries' first quarter of fiscal 2023, Kallanish reports.
Schnitzer Steel was anticipating a net loss of $18-20m for the quarter based on estimated projections made last month. The company expected this overall loss due to disruptions at both its Everett and Oakland metals recycling facilities, in combination with weakening…
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Anonymous
Very good overview of the weekly steel market.
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