07
Apr
18:19
Schnitzer maintains positive outlook on strong demand
US-base metals recycler and longs producer Schnitzer Steel Industries is maintaining a strong outlook as demand for its products and services remains high.
The company reported second fiscal quarter (ended 28 February 2022) net income of $38 million on sales of $783m. Net income was down 19% on-quarter and 17% on-year. Sales were 1.9% lower on-quarter but up 30% on-year.
The strong quarterly performance was driven by robust global demand for recycled metals as we…
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Anonymous
Very good overview of the weekly steel market.
Anonymous