Schnitzer Earnings Take Hit From Scrap Pricing
Low scrap prices and declining exports took a toll on earnings results for Schnitzer Steel Industries. Export selling prices for ferrous scrap declined by $80 per ton, or 20 percent, while domestic prices dropped $60 per ton, or 15 percent. The declines were the steepest seen by Schnitzer since 2012. The company reported a net […] The post Schnitzer Earnings Take Hit From Scrap Pricing appeared first on Steel Market Update.