Schnitzer Steel posts higher finished steel, scrap sales

摘要

Schnitzer Steel's fiscal first quarter earnings improved year over year as it saw higher sales and average selling prices in its metals recycling and finished steel segments, the company reported Tuesday. Schnitzer reported net income of $18 million on sales of $483 million for its fiscal first quarter ended November 30, 2017, up from a loss of $1 million on sales of $334 million.