22
Oct
20:54
Schnitzer turns profit in fourth quarter
Portland, Oregon-based metals recycler and longs producer Schnitzer Steel Industries has experienced a quarterly increase in earnings from a loss in fiscal Q3 to a net gain in Q4, Kallanish reports.
In the company's fourth-quarter ending 31 August, Schnitzer recorded a net earnings gain of $4 million on sales of $465m. This is up from the company's prior quarter ending 31 May, during which Schnitzer experienced a net loss of $5m on sales of $403m. On-yea…
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Anonymous
Very good overview of the weekly steel market.
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