Schnitzer Steel lands top recycling company honors
By Andy Giegerich
Digital Managing Editor
Tamara Lundgren's company earned the steel recycling honors for the second time in four years.
Schnitzer Steel Industries Inc. has landed a national award for its recycling prowess.
Schnitzer (NASDAQ: SCHN) was named “Scrap Company of the Year” at the American Metal Market’s industry awards ceremony this week in New York. Schnitzer was honored for the “strength and resiliency of its business model as well as its customer service, according to a release touting the event.
“Our employees work hard every day to contribute to the success, safety and sustainability of our company and we are pleased to earn this recognition, particularly during one of the most challenging years in a decade for the metals recycling industry,” said Tamara Lundgren, Schnitzer’s president and CEO, in a release.
This is the second AMM win for Schnitzer.
The company’s stock traded around the $24.70 mark on Wednesday.
Schnitzer, which collected nearly $3 billion in revenue last year, said in late May it expected to incur a pre-tax restructuring charge of roughly $1 million in connection another restructuring program announced last year.
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