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04 Jan
21:42

Schnitzer foresees boost from scrap pricing, steel demand

Schnitzer Steel Industries, now doing business as Radius Recycling, expects financial results to improve in the current quarter because of rising scrap pricing and the pending growth in infrastructure projects in the US, Kallanish learns from the company's latest quarterly earnings report. The Portland, Oregon-based company says its net loss widened slightly in its fiscal first quarter ended 30 November, to $17.8 million from $17.6m in the equivalent quarter a…
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