Schnitzer recycling results mixed in quarter

Apr 05, 2012 | 05:28 PM | Lisa Gordon

Tags  Schnitzer Steel Industries, Tamara Lundgren, ferrous scrap, nonferrous scrap, Lisa Gordon

PITTSBURGH — Schnitzer Steel Industries Inc.’s recycling segment benefited from higher revenue and sales volumes during its fiscal second quarter vs. the previous three months, although its results faltered compared with a year earlier.

The company’s Metals Recycling Business posted operating earnings of nearly $20 million for the three months ended Feb. 29, up 52.3 percent from the fiscal first quarter on revenue that rose 7.3 percent to $781.9 million.....

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