Schnitzer Steel Industries, Inc. Announces Unaudited Operating Results for the First Quarter Ended November 30, 2020
January 07, 2021 at 06:31 pm IST
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Schnitzer Steel Industries, Inc. announced unaudited operating results for the first quarter ended November 30, 2020. For the quarter, the company reported Total ferrous volumes of 1,053,000 LT, total nonferrous volumes of 138,236,000 pounds, Ferrous selling prices of Domestic - $242/LT, Foreign - $276/LT and Average - $269/LT, Ferrous sales volume of Domestic – 388,000 LT, Foreign – 665,000 LT and total – 1,053,000 LT. Nonferrous average price was $0.64/pound. Nonferrous sales volume was 138,236,000 pounds.
Radius Recycling, Inc., formerly Schnitzer Steel Industries, Inc., is a manufacturer and exporter of recycled metal products. The Company also operates a third-party recycling (3PR) service, which includes materials management, reverse logistics, railcar dismantling, and vehicle recycling services. The Company operates scrap recycling facilities in 25 states, western Canada, and Puerto Rico. It has 54 metals recycling facilities, including seven shredding operations. The Companyâs integrated operating platform also includes 50 stores which sell serviceable used auto parts from salvaged vehicles and receive over four million annual retail visits. Its steel manufacturing operations produce finished steel products, including rebar, wire rod, and other specialty products. The Company has seven deep water export facilities located on both the East and West Coasts and in Hawaii and Puerto Rico. The Company's subsidiaries include Auto Parts Group Southwest, LLC, Edman Corp., and others.
RADIUS RECYCLING, INC. 
