Schnitzer Steel's (SCHN -8.5%) downward guidance of FQ1 results due to a weaker-than-anticipated...

|About: Schnitzer Steel Industries,... (SCHN)|By:, SA News Editor

Schnitzer Steel's (SCHN -8.5%) downward guidance of FQ1 results due to a weaker-than-anticipated global market for recycled metals, following Friday's warning from Steel Dynamics (STLD -3.6%), weighs on steel shares: X -7.7%, NUE  -1.8%, AKS -0.4%. Natural resource stocks also slide: CLF -6.5%, FCX -3%, SCCO -2.8%, AA -2.9%.