Schnitzer eyes rise in quarterly results

Feb 28, 2013 | 05:12 PM | Sean Davidson

Tags  Schnitzer Steel Industries, scrap prices, ferrous scrap, nonferrous scrap, metals recycling, steel manufacturing, Sean Davidson

NEW YORK — Schnitzer Steel Industries Inc. is gearing up to start its new shredding operation near Vancouver, British Columbia, within the next three months, and anticipates a sequential improvement in its fiscal second-quarter earnings results, the company said Feb. 28.

Portland, Ore.-based Schnitzer’s metals recycling business in February "successfully commenced the testing of its newly constructed shredder," which is "expected to be operational in the (fiscal) third quarter," the company said in an outlook for the fiscal second quarter ended Feb. 28.....

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