30
Sep
20:32
Schnitzer's fourth-quarter earnings hit 10-year high
Portland, Oregon-based metals recycler and longs producer Schnitzer Steel Industries has unveiled its preliminary earnings, with the company expecting its best fourth quarter operational performance since 2011, Kallanish understands.
In the company's fiscal Q4 ending 31 August, Schnitzer expects earnings to be in the range of $43-45 million with ferrous sales rising by 9% on-year during the quarter. The company expects to generate a $139m cash flow f…
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Very good overview of the weekly steel market.
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