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28 Dec
21:06

Schnitzer anticipates stronger Q2 performance

Portland, Oregon-based US long steel producer Schnitzer Steel Industries expects its business conditions to improve in 2023 after suffering an expected net loss of $18-20 million during its first quarter following operational disruptions at two separate facilities. Schnitzer Steel attributes its negative first quarter performance to be the result of a shredder outage at the Everett, Oregon, facility, as well as regulatory issues at the company's other shredder…
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