Schnitzer Steel Industries traded at $20.46 this Tuesday April 9th, increasing $0.29 or 1.44 percent since the previous trading session. Looking back, over the last four weeks, Schnitzer Steel Industries gained 4.07 percent. Over the last 12 months, its price fell by 32.83 percent. Looking ahead, we forecast Schnitzer Steel Industries to be priced at 19.84 by the end of this quarter and at 18.10 in one year, according to Trading Economics global macro models projections and analysts expectations.
Schnitzer Steel Industries, Inc. is a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a manufacturer of finished steel products. The Company acquire, process and recycle auto bodies, rail cars, home appliances, industrial machinery, manufacturing scrap and construction and demolition scrap through its recycling facilities. The Company sells ferrous and nonferrous recycled scrap metal in both foreign and domestic markets for metal producers, processors and brokers. It also sells a range of finished steel long products produced at its steel mini mill. Its steel mini mill produces finished steel products such as rebar, wire rod, coiled rebar, merchant bar and other specialty products using ferrous recycled scrap metal. It also includes deep water port facilities on both the East and West Coasts of the United States in in Everett, Massachusetts; Providence, Rhode Island; Oakland, California; Tacoma, Washington; and Portland, Oregon.