High ferrous scrap demand affirms Schnitzer ‘buy’ rating

Dec 03, 2010 | 02:41 PM |

Canaccord Genuity Inc. has reaffirmed its "buy" rating on Schnitzer Steel Industries Inc.'s common stock.

The San Francisco-based company's analysts pointed to rising ferrous scrap tags and continued strong overseas demand, along with the Portland Ore.-based scrap processor's improved access to scrap following recently announced....

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