Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition
99.1Press Release of Schnitzer Steel Industries, Inc. issued on April 5, 2018.
SCHNITZER STEEL INDUSTRIES INC ExhibitEX-99.1 2 a51783615ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 Schnitzer Reports Second Quarter 2018 Financial Results Strongest Quarterly Consolidated Operating Income Since Fiscal 2011 SSI Ferrous Volumes up 25% and Finished Steel Sales Volumes up 18% Year-over-Year PORTLAND,…To view the full exhibit click
About Schnitzer Steel Industries, Inc. (NASDAQ:SCHN)
Schnitzer Steel Industries, Inc. is a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a manufacturer of finished steel products. The Company operates through two segments: the Auto and Metals Recycling (AMR) business and the Steel Manufacturing Business (SMB). The AMR segment collects and recycles auto bodies, rail cars, home appliances, industrial machinery, manufacturing scrap and construction and demolition scrap from bridges, buildings and other infrastructure. AMR’s primary products include recycled ferrous and nonferrous scrap metal. The SMB segment produces finished steel products such as rebar, wire rod, coiled rebar, merchant bar and other specialty products using 100% recycled metal sourced from AMR. SMB’s products are primarily used in nonresidential and infrastructure construction in North America. SMB operates a steel mini-mill in McMinnville, Oregon that produces finished steel products using recycled metal and other raw materials.