Falling scrap volumes and prices add up to losses for Schnitzer Steel in first quarter

US recycler asserts "positive metal spreads in a declining market"

|

(USA) – Steel recycler Schnitzer Steel Industries, Inc. posted further losses for the quarter ended 30 November 2015, the first of the US firm’s 2015/16 fiscal year. All in all, Schnitzer posted a net loss of $5.3m in the first quarter of the new year, down from a profit of $10.7m in the final quarter of ...

Read more

You can only use this article with a valid subscription and registration. Registered subscribers can access all articles after entering their user name and password.
- Ad -
- Ad -