Service Centers
June 1, 2021
Schnitzer Steel Upgrades Guidance for Q3
Written by Sandy Williams
Schnitzer Steel said it expects ferrous volumes to be better than expected in its fiscal third quarter which ends this month. The company previously reported guidance of 977,000 long tons for Q3. According to an SEC filing on June 1, a 25% increase over that amount is now anticipated.
Finished steel sales volumes for the quarter are expected to be approximately 10% higher than the 136,000 short tons in guidance from the second-quarter earnings call.
