SCHN NASDAQ

Schnitzer Steel Industries, Inc. operates globally, focusing on the recycling of both ferrous (iron-based) and nonferrous metals, in addition to manufacturing various finished steel products. The company's core activities involve sourcing, processing, and repurposing a wide array of discarded materials. These include end-of-life vehicles, rail cars, household appliances, industrial machinery, manufacturing waste, and debris from construction and demolition sites. From these raw materials, Schnitzer Steel provides recycled ferrous metal, a key input for new steel production. It also supplies diverse nonferrous products, encompassing mixed metallic composites like zorba and zurik, which are extracted during the shredding process, along with distinct metals such as aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high-temperature alloys. Beyond its recycling endeavors, the company procures salvaged vehicles and sells their serviceable used parts through a network of 50 self-service auto parts outlets spread across the United States and Western Canada. It also markets the remaining vehicle bodies. Furthermore, Schnitzer Steel manufactures a range of finished steel products, utilizing recycled ferrous metals combined with other raw inputs. Its production includes semi-finished goods like billets, and a variety of finished goods such as rebar, coiled rebar, wire rods, merchant bars, and other specialized steel offerings. The firm's sales channels are varied: catalytic converters are sold to specialized processors who extract valuable nonferrous precious metals such as platinum, palladium, and rhodium. Recycled ferrous and nonferrous metal products are supplied to steel mills, foundries, refineries, smelters, wholesalers, and other metal processing companies. Its finished steel products primarily reach steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and major suppliers in the agricultural and timber sectors. Founded in 1906, Schnitzer Steel Industries, Inc. is headquartered in Portland, Oregon.