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Narrow margins and tight demand pinch Schnitzer Steel‘s second-quarter earnings

Ferrous scrap demand expands after autumn plunge amid cautious buying

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(USA) – The US scrap processor and steel products manufacturer Schnitzer Steel Industries, Inc. continued to face headwinds in the second quarter of its 2012 fiscal year, in which it saw its net earnings drop nearly 69 per cent to $9.63m. Revenues for the period ended 29 February rose 23 per cent to $886.6m on ...

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