Schnitzer Steel (SCHN) issues downside guidance for FQ4, seeing breakeven EPS before charges vs....

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

Schnitzer Steel (SCHN) issues downside guidance for FQ4, seeing breakeven EPS before charges vs. $0.24 analyst consensus; the company cites higher raw materials costs, slowing global growth and the stronger U.S. dollar. Announces significant cost reductions and a 7% workforce reduction. Shares halted.