Home Must Reads Schnitzer Steel takes earnings hit

Schnitzer Steel takes earnings hit

| Print |  Email
Must Reads
Friday, October 26, 2012

Schnitzer Steel Industries said that its net income fell 77% between 2011 and 2012 amid falling scrap metal prices.

A weakening global market is taking an increasingly larger toll on its operations as scrap prices fall and inventory costs remain high, according to a company statement. It lost $485,000 in the fourth quarter ended Aug. 31, compared with profits of $11.2 million in fourth quarter 2011.

Revenues dropped 29.5 percent in the same time frame, from $1.08 billion to $762 million.

Read more at OregonLive.com.

{biztweeT}schnitzel steel{/biztweet}

 

More Articles

Fast Food Slows Down

September 2014
Tuesday, August 26, 2014
BY KIM MOORE

The ubiquitous fast-food restaurant may be on the decline.


Read more...

Podcast: Interview with Pete Friedes

Contributed Blogs
Wednesday, August 27, 2014

082714-thumb friedesbookTom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.


Read more...

A Taste of Heaven

September 2014
Tuesday, August 26, 2014
BY VIVIAN MCINERNY

Craft beer comes to Mount Angel.


Read more...

Two sides of the coin

Contributed Blogs
Monday, August 25, 2014
0825 thumb moneyBY JASON NORRIS | OB GUEST BLOGGER

Ferguson Wellman’s investment views on the economy and capital markets.


Read more...

100 Best Nonprofits announced

News
Thursday, October 02, 2014

100NP14logo4WebOregon Business magazine has named the sixth annual 100 Best Nonprofits to Work for in Oregon.


Read more...

Measure 91: What Oregon Businesses Need to Know

Contributed Blogs
Wednesday, October 15, 2014
91 thumbBY DIANE BUISMAN

Some common misconceptions employers have about marijuana.


Read more...

Books Rule

October 2014
Thursday, September 25, 2014
BY JON BELL

Powell's stays relevant in the digital age.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS