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Blue Chip Growth

Stock Report: "Schnitzer Steel Industries, Inc. Class A" (SCHN) Report Updated: Jul 21, 2014 | Print This Page

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"Schnitzer Steel Industries, Inc. Class A" (SCHN)

Rating: Sell Volatility: Conservative
Total Grade: D Industry: Metals & Mining
Competitors: SLCA, ASM, GSM, CSTM
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"Schnitzer Steel Industries, Inc. Class A"© quotemedia

Company Profile

Schnitzer Steel Industries, Inc. engages in recycling ferrous and nonferrous scrap metals, and used and salvaged vehicles. The company operates in three segments: Metals Recycling Business (MRB), Auto Parts Business (APB), and Steel Manufacturing Business (SMB). The MRB segment buys, collects, processes, recycles, sells, and brokerages ferrous scrap and nonferrous scrap metals. It processes mixed and large pieces of scrap metal into smaller pieces by crushing, sorting, shearing, shredding, and torching. This segment’s products include ferrous scrap metal, a feedstock used in the production of finished steel products; and nonferrous products, including aluminum, copper, stainless steel, nickel, brass, titanium, lead, high temperature alloys, and joint products. The MRB segment sells its products to steel mills, foundries, and smelters primarily in Asia, North America, Europe, and Africa. The APB segment purchases used and salvaged vehicles and sells serviceable used auto parts from these vehicles through its 50 self-service auto parts stores, which are located in the United States and western Canada. It also sells auto bodies, engines, transmissions, alternators, catalytic converters, and nonferrous materials to metal recyclers. The SMB segment produces a range of finished steel products through recycled metal and other raw materials comprising semi-finished goods; and finished goods consisting of rebar, coiled rebar, wire rod, merchant bar, and other specialty products. It serves steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and farm and wood products suppliers. The company was founded in 1906 and is headquartered in Portland, Oregon.

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