14
Jun
15:46
Falling scrap prices to dent Schnitzer earnings
Preliminary earning results for Schnitzer Steel Industries for the third quarter reflect falling scrap prices and lower production in the company’s on-year performance, Kallanish reports.
Schnitzer’s Auto and Metals Recycling (AMR) group expects to report Q3 operating income of between $28-29 million. AMR’s performance is expected to decrease y-o-y. This is primarily due to lower average net non-ferrous selling prices of approximately -16% and …
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Anonymous
Very good overview of the weekly steel market.
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