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Schnitzer Steel (SCHN) reports preliminary 2012 Q1 EPS of $0.18-$0.25 against consensus of...

Schnitzer Steel (SCHN) reports preliminary 2012 Q1 EPS of $0.18-$0.25 against consensus of $0.55, citing weaker than anticipated global market conditions for recycled metals. The company says operating margins contracted more than expected during the quarter as selling prices dove. Shares are halted. (PR)

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