Rebar lifts Cascade’s operating profit
Apr 04, 2014 | 04:01 PM
| Frank Haflich
LOS ANGELES Rising shipments, driven by a 44.2-percent gain in rebar sales, led Schnitzer Steel Industries Inc.s steel manufacturing business to more than triple its operating profit during the fiscal second quarter.
Operating income for Schnitzers steel manufacturing segmentessentially Cascade Steel Rolling Mills Inc., McMinnville, Ore.totaled $3.57 million for the three months ended Feb. 28 on revenue of $81.5 million compared with operating income of $1.04 million on revenue of $71.2 million a year earlier.....
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