BNET Industries
Market Cap:$998.5M
Last Fiscal Year Sales:$3.6B
- Public
- US
Dow Jones Description
Founded in 1906 as a one-man scrap metal operation, Schnitzer Steel Industries, Inc., has become one of the nation's largest recyclers of scrap metal, a leading provider of used and recycled auto parts and a manufacturer of finished steel products. With a rapidly growing national and global reach, the company achieved $3.6 billion in revenues in fiscal 2008 and was ranked #595 in the 2009 Fortune 1000 list of companies. Schnitzer Steel common stock is traded on the NASDAQ Stock Market under the symbol SCHN.
Number of Employees 3,669
Peer Companies
NAICS Code Recyclable Material Merchant Wholesalers: 423930
Recent Events
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Schnizer Steel SCHN Beginning to Rally Following DA Davidson Upgrade
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Schnitzer Steel SCHN Declares $0.017 Quarterly Dividend 0.1% Yield
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UPDATE 2-Schnitzer Q4 profit tops market; sees weak Q1 demand
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Schnitzer Steel buys auto-parts stores
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Longbow Research Downgrades Schnitzer Steel SCHN to Sell
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AIG, Drops; Apollo, Ctrip, H&R Block Up
News & Analysis
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Former Senior Officer of Schnitzer Steel Industries Inc. Subsidiary Pleads Guilty to Foreign Bribes
- 2007-06-29
To: LEGAL AFFAIRS EDITORSContact: U.S. Department of Justice, +1-202-514-2008 TDD +1-202- 14-1888 WASHINGTON, June 29 /PRNewswire-USNewswire/ -- Si Chan Wooh, a former senior officer of SSI International, Inc., a wholly-owned subsidiary of Schnitzer Steel Industries Inc. until 2006, has pleaded guilty to conspiracy to violate the Foreign Corrupt Practices Act...
Schnitzer Steel Industries Inc.'s Subsidiary Pleads Guilty to Foreign Bribes and Agrees to Pay a $7.5 Million Criminal Fine ; Parent Company Enters Into a Deferred Prosecution Agreement Following Exceptional Cooperation With Justice Department
- 2006-10-16
To: National DeskContact: U.S. Department of Justice, 202-514-2008; 202-514-1888 TDD; Web: http://WWW.USDOJ.GOVWASHINGTON, Oct. 16 /U.S. Newswire/ -- SSI International Far East Ltd. SSI Korea, a wholly owned subsidiary of Schnitzer Steel Industries Inc., has entered a guilty plea before U.S. District Judge Garr King at U.S. District Court in Portland,...
Schnitzer Steel Industries Inc's Subsidiary Pleads Guilty to Foreign Bribes, Agrees to $7.5 Million Criminal Fine ; Parent Company Enters Into Deferred Prosecution Agreement Following Exceptional Cooperation with Justice Dept.
- 2006-10-16
To: National DeskContact: The U.S. Department of Justice, 202-514-2008 or 202-514- 1888 TDD; Web: http://www.usdoj.govWASHINGTON, Oct. 16 /U.S. Newswire/ -- SSI International Far East Ltd. SSI Korea, a wholly owned subsidiary of Schnitzer Steel Industries Inc., has entered a guilty plea before U.S. District Judge Garr King at U.S. District...
Schnitzer Steel Amends Bylaws and Announces Related Actions
- 2006-03-21
PORTLAND, Ore. -- Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) today announced that its Board of Directors has taken the following actions: --Amended the Company's Bylaws: to establish a classified Board of Directors, with approximately one-third of the Directors being elected at each annual meeting; to establish certain new procedures...
Schnitzer and Proler announce request for information from Justice Dept. in connection with Schnitzer's acquisition of Proler International Corp
- 1996-10-07
PORTLAND, Ore.--BUSINESS WIRE--Oct. 7, 1996--Schnitzer Steel Industries Inc. (NASDAQ:SCHN) and Proler International Corp. (NYSE:PS) announced today that Schnitzer and Proler have received a second request for additional information from the U.S. Department of Justice with respect to their filings under the Hart-Scott-Rodino Antitrust Improvement Act of 1976 for the acquisition...
Schnitzer and Proler Announce Request For Information From Justice Department In Connection With Schnitzer's Acquisition Of Proler International Corp
- 1996-10-07
PORTLAND, Ore. and HOUSTON--BUSINESS WIRE--Oct. 7, 1996-- Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) and Proler International Corp. (NYSE:PS) announced today that Schnitzer and Proler have received a second request for additional information from the U.S. Department of Justice with respect to their filings under the Hart-Scott-Rodino Antitrust Improvement Act of...
Proler International Corp. Announces Commencement Of Litigation With Hugo Neu Corporation
- 1996-09-26
HOUSTON--BUSINESS WIRE--Sept. 26, 1996--Proler International Corp. (NYSE:PS) today announced the commencement of litigation between Proler and Hugo Neu Corporation ("Hugo Neu"). Proler's scrap metals business is conducted primarily through joint ventures in which Proler and Hugo Neu are both owners.As previously announced, on September 15, 1996, Proler and Schnitzer...
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