Schnitzer Steel back in the black in 2013/14 due to profitability and cost measures

Majority of $29m cost cuts to date in metals recycling business

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(USA) – The US scrap metals trading concern Schnitzer Steel was able to return to profitability in the financial year ended 31 August 2014, winding up back in positive territory thanks to productivity initiatives after a significant loss in the prior year. CEO Tamara Lungren also said the results reflected ...

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