Cascade’s profit impacted by debt write-off

Jan 09, 2014 | 09:17 AM | Frank Haflich

Tags  steel, Schnitzer Steel Industries, Cascade Steel Rolling Mills, Tamara Lundgren, steel manufacturing unit, operating income, rebar, merchant bar steel coils

LOS ANGELES — Schnitzer Steel Industries Inc.’s steel manufacturing business, which operates as Cascade Steel Rolling Mills Inc., posted lower operating income for its fiscal first quarter due to a $1-million "bad debt expense" from a customer bankruptcy as its average selling....





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