July 26, 2011

SCHNITZER STEEL: Reserves $26MM at May 31 for Metals Recycling

COMPANIES: Schnitzer Steel Industries Inc
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Schnitzer Steel Industries, Inc.’s metals recycling business (MRB), as of May 31, 2011, had environmental reserves of US$26 million for the potential remediation of locations where it has conducted business and has environmental liabilities from historical or recent activities.

The Company…

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TOPICS: Earnings | Legal Issues, Litigation | Loans & Financing | SEC-Qtrly, Annual Reports | Securities & Exch Comm, US | Steel
LOCATIONS: Oregon | United States