27
Jun
19:58
Schnitzer Steel increases quarterly earnings sequentially
Increasing recycled steel demand, along with the loading up of distributors' inventories, spurred growing profitability for Portland-based US long steel producer Schnitzer Steel Industries during the company's third fiscal quarter of 2023, Kallanish notes.
Schnitzer Steel earned $14 million on sales reaching $810m during the quarter, which ends 31 May, above the company's earnings totalling $4m on sales of $756m during the same period of last year. In …
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Anonymous
Very good overview of the weekly steel market.
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