In the first quarter of 2009, the U.S. District Court for the Western District of Washington at Tacoma relieves Schnitzer Steel Industries, Inc., of its liability amounting to US$2.0 million related to the dredge contractor’s claim for unpaid invoices, and…
Schnitzer Steel, Inc.’s environment reserves, as of Nov. 30, 2008, include US$17 million for potential future clean-up of Auto Parts Business locations.
The Company or its subsidiaries have conducted business or allegedly disposed of other materials at these locations. No environmental…
Schnitzer Steel, Inc.’s environmental reserves, as of Nov. 30, 2008, include about US$22 million for potential future clean-up of other Metals Recycling Business (MRB) locations at which the Company or its subsidiaries have conducted business or allegedly disposed of other…
Schnitzer Steel, Inc. says that, in the first quarter of 2009, a judgment in a case over the cleanup of contaminated sediment along the Hylebos Waterway was affirmed on appeal.
In fiscal 1982, the Company was notified by the U.S. Environmental…
Schnitzer Steel, Inc. could still face environmental liabilities over the Portland Harbor Superfund Site.
In fiscal 2006, the Company was notified by the U.S. Environmental Protection Agency under the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) that it was one…
Schnitzer Steel Industries, Inc.’s Metals Recycling Business, at Nov. 30, 2008, had US$24 million in reserves for environmental matters.
These reserves consisted primarily of the reserves established in connection with potential future clean-up of MRB locations at which the Company or…
Schnitzer Steel Industries, Inc.’s current environmental liabilities were US$3,181,000 as of Nov. 30, 2008, compared with US$3,652,000 as of Aug. 31, 2008.
Environmental liabilities, net of current portion, were US$37,676,000 as of Nov. 30, 2008, compared with US$40,052,000 as of Aug.…