Stock Research and Analysis

by Andrew Lane

Bulls Say

An incremental buildout of global mini-mill steel production capacity will support ferrous scrap demand.
Steelmakers in China will use an increasing proportion of ferrous scrap relative to iron ore in the years to come.
Access to deep-water ports provides Schnitzer with an ability to gain the best price for its scrap sales. Read more 

Bears Say

Minimills are developing new technologies to use a higher proportion of direct-reduced iron and pig iron relative to ferrous scrap metal.
The U.S. scrap market is vulnerable to volatile demand trends in China.
There is a risk of too much available shredding capacity in the market as the domestic shredder count remains high. Read more 

Management

Tamara Lundgren was named CEO in November 2008 as global steel production was falling, major stock indexes were plummeting, and the global financial crisis had reached a fever pitch. When she took the reins, Schnitzer’s share price had fallen 75% over   Read more 

Profile

Schnitzer Steel is one of the largest ferrous and nonferrous scrap metal recyclers in the U.S. and a primary exporter of scrap metal to other foreign purchasers. Its metal   Read more 

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