21
Mar
21:07
Schnitzer triples second quarter profit
Metals recycler and longs producer Schnitzer Steel Industries expects its fiscal second quarter results to be more than triple fiscal Q2 2017’s results, Kallanish understands.
Schnitzer plans to report earnings of $1.25-1.31/share for the quarter ended 28 February when it makes its official announcement 5 April. In fiscal Q2 2017, Schnitzer earned $0.40/share ($1.48m).
Q2’s results will include a $0.38/share tax benefit related to recently passed …
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Very good overview of the weekly steel market.
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