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Schnitzer Steel (SCHN -2.6%) misses 3Q estimates as profits fell 18% YoY, hurt by lower margins...

Schnitzer Steel (SCHN -2.6%) misses 3Q estimates as profits fell 18% YoY, hurt by lower margins and a higher tax rate. On a postitive note, revenues significantly improved as the scrap metal recycler continues to benefit from strong demand in South Korea, China and Turkey.
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