Schnitzer Steel Industries, Inc. (SCHN)

Recycles ferrous and nonferrous scrap metal into high-quality finished steel products.

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Schnitzer Steel Industries, Inc. Logo Schnitzer Steel Industries, Inc. is a global leader in recycling ferrous and nonferrous metals and manufacturing finished steel products. Established in 1906 and headquartered in Portland, Oregon, the company operates a diverse portfolio of businesses. It specializes in acquiring, processing, and recycling a wide range of materials including salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition debris.

The company's operations span 54 metals recycling facilities, where it processes these materials into recycled ferrous metals used as feedstock in steel production. It also recovers nonferrous metals such as aluminum, copper, stainless steel, nickel, and others from its shredding processes, offering a range of high-quality products like zorba and zurik. Schnitzer Steel further enhances its offering through 51 retail self-service auto parts stores, providing customers with reliable used auto parts salvaged from the vehicles it acquires.

In addition to its recycling operations, Schnitzer Steel Industries operates an electric arc furnace steel mill that produces various finished steel products. These include billets, rebar, wire rods, merchant bars, and specialty steel products, catering to a diverse customer base that includes steel mills, foundries, construction subcontractors, and steel fabricators. Committed to sustainability and innovation, Schnitzer continues to be a pivotal player in the global metal recycling industry, supporting a circular economy through its efficient and environmentally responsible practices.

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