News Releases
Schnitzer Steel Board Declares Quarterly Dividend
PORTLAND, Ore.--(BUSINESS WIRE)--Nov. 3, 2008--The Board of
Directors of Schnitzer Steel Industries, Inc. (Nasdaq:SCHN) declared a
cash dividend of $0.017 per common share, payable on December 1, 2008,
to shareholders of record on November 17, 2008. Schnitzer has paid a
dividend every quarter since going public in November 1993.
Schnitzer Steel Industries, Inc. is one of the largest
manufacturers and exporters of recycled ferrous metal products in the
United States with 39 operating facilities located in 12 states
throughout the country, including six export facilities located on
both the East and West Coasts and in Hawaii. The Company's vertically
integrated operating platform also includes its auto parts and steel
manufacturing businesses. The Company's auto parts business sells used
auto parts through its 38 self-service facilities and 18 full-service
facilities located in 16 states and in western Canada. With an annual
production capacity of nearly 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 103rd year of operations in fiscal 2009.
CONTACT: Schnitzer Steel Industries, Inc.
Investor Relations Contact:
Rob Stone, 503-224-9900
or
Press Relations Contact:
Tom Zelenka, 503-323-2821
Website: www.schnitzersteel.com
Email: ir@schn.com
SOURCE: Schnitzer Steel Industries, Inc.