Iron Edge downgrades Schnitzer

Nov 30, 2009 | 12:13 PM |

Iron Edge Research analysts have downgraded Schnitzer Steel Industries Inc. to "perform" from "outperform" and lowered their per-share estimates for the company's fiscal 2010 earnings.

The Cleveland-based stock market analysts said they previously under-appreciated downward sell-side price pressure on the Portland, Ore.-based scrap exporter by Far Eastern scrap customers. ....





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