Last $27.41 USD
Change Today +0.03 / 0.11%
Volume 308.7K
SCHN On Other Exchanges
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NASDAQ GS
Berlin
As of 8:10 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

299 SW Clay Street

Suite 350

Portland, OR 97201

United States

Phone: 503-224-9900

Fax:

Schnitzer Steel Industries, Inc. operates as a recycler of ferrous and nonferrous scrap metal, as well as used and salvaged vehicles. The company also manufactures finished steel products. Segments The company operates its businesses in three segments: the Metals Recycling Business (MRB), the Auto Parts Business (APB), and the Steel Manufacturing Business (SMB). Metals Recycling Business The MRB segment buys, collects, processes, recycles, sells and brokers ferrous scrap metal (containing iron) to foreign and domestic steel producers, including SMB, and nonferrous scrap metal (not containing iron) to both foreign and domestic markets. MRB processes mixed and large pieces of scrap metal into smaller pieces by crushing, sorting, shearing, shredding, and torching, resulting in scrap metal pieces of a size, density and metal content required by customers to meet their production needs. The manufacturing process includes physical separation of materials through automated and manual processes into ferrous and nonferrous and various sub-classifications, each of which has a value and metal content of importance to different customers for their end product. To prepare scrap metal, the company crushes, sorts, and bales the material by product grade for handling and sale. In 2013, the company completed the construction of a new shredder, advanced processing equipment, and related infrastructure for its dock facility in Surrey, British Columbia. Products: The MRB segment sells both ferrous and nonferrous scrap metal. Ferrous scrap metal is a main feedstock used in the production of finished steel products and is primarily categorized into heavy melting steel (HMS), plate and structural (bonus) and shredded scrap (shred), although there are various grades of each category depending on metal content and the size and consistency of individual pieces. The company’s nonferrous products include aluminum, copper, stainless steel, nickel, brass, titanium, lead, high temperature alloys and joint products such as zorba (primarily mixed nonferrous material) and zurik (predominantly stainless steel). Customers: The MRB segment sells its products to steel mills, foundries and smelters. The MRB segment sells processed nonferrous scrap metal to specialty steelmakers, foundries, aluminum sheet and ingot manufacturers, copper refineries and smelters, brass and bronze ingot manufacturers, and wire and cable producers. Auto Parts Business The APB segment procures used and salvaged vehicles and sells serviceable used auto parts from these vehicles through its 61 self-service auto parts stores located across the U.S. and western Canada. The remaining portions of these vehicles, consisting primarily of autobodies and major parts containing ferrous and nonferrous materials such as engines, transmissions, alternators and catalytic converters, are sold to metals recyclers, including MRB where geographically feasible. Customers: The APB segment sells ferrous and nonferrous material obtained from end-of-life vehicles to various wholesale buyers. Steel Manufacturing Business The SMB segment operates a steel mini-mill in McMinnville, Oregon that produces a range of finished steel products using recycled metal and other raw materials. The MRB segment is the sole supplier for SMB segment’s scrap metal requirements. The SMB segment produces semi-finished goods (billets) and finished goods, consisting of rebar, coiled rebar, wire rod, merchant bar and other specialty products. Semi-finished goods are predominantly used for this segment’s finished products, but also have been produced for sale to other steel mills. Rebar is produced in either straight length steel bars or coils and used to increase the tensile strength of poured concrete. Wire rod is steel rod, delivered in coiled form, used by manufacturers to produce various products such as chain link fencing, nails, wire and stucco netting. Merchant bar consists of round, flat, angle and square steel bars used by manufacturers to produce a variety of products, including gratings, steel floor and roof joists, safety walkways, ornamental furniture, stair railings and farm equipme

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TEV/Sales 0.1x
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