- US metal recycler Schnitzer Steel Industries is expecting below-par operating results for Q4FY’22 that ended on 31 August, 2022.
- The results would be adversely impacted due to declining prices of ferrous and nonferrous commodities as well as demand amid tighter supply, as per the company’s recent announcement.
- Average net ferrous and nonferrous selling prices are expected to decrease from the third quarter by 28% and 7%, respectively. Schnitzer will report financial results for Q4FY’22 on Monday, 24 October.
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