Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition
On January 5, 2017, Schnitzer Steel Industries, Inc. (the “Company”) issued a press release announcing financial results for the three months ended November 30, 2016. A copy of this press release is being furnished as Exhibit 99.1 to this report on Form 8-K. Item 9.01 Financial Statements and Exhibits (d)Exhibits 99.1 Press Release of Schnitzer Steel Industries, Inc. issued on January 5, 2017.
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. Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) Recent Trading Information
Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) closed its last trading session down -1.35 at 25.65 with 754,037 shares trading hands.
