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Schnitzer Steel Notes Lower Scrap Pricing and Demand
Schnitzer Steel Industries, a metals recycler and long products producer, posted revenue of $439 million for the second quarter of FY 2020. Net income was $4.5 million for the quarter, improving from a $7 million loss in Q1 but down significantly from income of $13 million in Q2 2019. Autos and Metals Recycling achieved operating […] The post Schnitzer Steel Notes Lower Scrap Pricing and Demand appeared first on Steel Market Update.