Schnitzer Steel's (SCHN) FQ3 market outlook sees nonferrous selling prices increasing 5%-10%,...

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

Schnitzer Steel's (SCHN) FQ3 market outlook sees nonferrous selling prices increasing 5%-10%, offset by nonferrous volumes which are expected to decline 10%-15% due to high FQ2 production levels. Operating income per ferrous ton expected at $8-$11, ~35% lower Q/Q. Trading halted.