RDUS
- Schnitzer Steel Industries Inc.
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Overview
Company Summary
Schnitzer Steel Industries Inc., also known as RDUS (its ticker symbol), is a company that operates in the steel industry. It is involved in the collection, processing, and recycling of ferrous and non-ferrous scrap metals.
The primary focus of Schnitzer Steel Industries is on the recycling aspect of the business. It sources scrap metal from a variety of suppliers, such as industrial manufacturers, demolition contractors, and automobile recyclers. This scrap metal is then sorted, processed, and prepared for resale to steel mills, foundries, and other consumers of recycled metals.
The company operates a network of recycling facilities across the United States and exports a portion of its materials to international markets. In addition to processing and selling scrap metal, Schnitzer Steel Industries also offers environmental consulting services to its customers, helping them manage their waste and recycling processes more efficiently.
Furthermore, Schnitzer Steel Industries operates an auto parts business, where it sells used auto parts from salvaged vehicles, providing cost-effective alternatives to new parts for consumers.
Overall, Schnitzer Steel Industries contributes to sustainable development by reducing waste, conserving natural resources, and producing raw materials for various industries through its recycling operations in the steel and auto sectors.