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Non-ferrous scrap product prices drive Schnitzer’s profits lower despite volume gains

Alternative markets offsetting drop in Chinese demand for non-ferrous scrap

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(USA) – The US recycling company Schnitzer Steel Industries encountered challenging market conditions that included a significant decline in the net selling prices for its nonferrous products in the quarter ended 30 November. In a presentation made to analysts on 9 January, CEO Tamara Lundgren explained that the ...

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