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

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.
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