Schnitzer Named Scrap Company of the Year
American Metal Market's 2nd Annual Awards
for Steel Excellence
PORTLAND, Ore., Jun 22, 2011 (BUSINESS WIRE) --
Schnitzer Steel Industries, Inc. (Nasdaq:SCHN) is named "Scrap Company
of the Year" at the American Metal Market's (AMM) 2nd Annual
Awards for Steel Excellence. This prestigious award recognizes
Schnitzer's outstanding commitment to operational excellence,
significant growth achievements and contributions to the industry's
global advancement during the past year.
"2010 was an extraordinary year of performance for Schnitzer which
continues to drive our accomplishments in the current year," said Tamara
Lundgren, President and CEO. "We remain focused on our strategy to
opportunistically invest in our growth and, as overall global demand for
recycled metals gains momentum, we are uniquely positioned to benefit
from our bi-coastal footprint in North America, the emphasis on safety
and sustainability throughout the organization, and the exceptional
dedication of our nearly 4,000 employees who make our strategic goals a
reality."
AMM's 2010 Steel Excellence Awards program recognized companies for
demonstrating operational excellence as well as contributions to the
industry overall. Nominations for the award were judged in three areas:
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Customer service/support and continuous improvement initiatives
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The adoption/implementation of scrap anti-theft, mercury-switch
removal and radiation-detection measures
-
Environmental compliance and safety performance 2010 vs. 2009
About Schnitzer Steel Industries, Inc.
Schnitzer Steel Industries, Inc. is one of the largest manufacturers and
exporters of recycled ferrous metal products in the United States with
57 operating facilities located in 14 states, Puerto Rico and Western
Canada. The Company has seven deep water export facilities located on
both the West and East coasts as well as in Hawaii and Puerto Rico. The
Company's integrated operating platform also includes its auto parts and
steel manufacturing businesses. The Company's auto parts business sells
used auto parts through its 50 self-service facilities located in 14
states and Western Canada. With an effective annual production capacity
of approximately 800,000 tons, the Company's steel manufacturing
business produces finished steel products, including rebar, wire rod and
other specialty products. The Company commenced its 105th
year of operations in fiscal year 2011.
SOURCE: Schnitzer Steel Industries, Inc.
Schnitzer Steel Industries, Inc.
Investor Relations:
Alexandra Deignan, 646-278-9711
or
Media Relations:
Chip Terhune, 503-367-2568
Website: www.schnitzersteel.com
Email: ir@schn.com