Scrap metals operations drive strong third fiscal quarter for Schnitzer Steel

Quarter marked by improving market and stable ferrous scrap pricing

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(USA) – Schnitzer Steel saw sharp increases in revenues and earnings in the third quarter of its 2016/17 financial year, which ended on 31 May. CEO Tamara Lundgren told analysts that the company’s Auto and Metals Recycling (AMR) division which generates the bulk of Schnitzer’s revenues had seen its best third ...

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