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Saturday, November 21, 2009, 10:19PM ET - U.S. Markets Closed. Dow Down 0.14% Nasdaq Down 0.50%
Schnitzer Steel Industries Inc. (SCHN)On Nov 20: 47.10  Up 1.37 (3.00%)  
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Schnitzer Steel Industries Inc.
3200 NW Yeon Avenue
PO Box 10047
Portland, OR 97296-0047
United States - Map
Phone: 503-224-9900
Fax: 503-323-2804
Web Site: http://www.schnitzersteel.com

DETAILS 
Index Membership:N/A
Sector:Basic Materials
Industry:Steel & Iron
Full Time Employees:3,323

BUSINESS SUMMARY 
Schnitzer Steel Industries, Inc. engages in recycling ferrous and nonferrous scrap metals, and used and salvaged vehicles; and manufacturing finished steel products in the United States and Canada. The company operates through three segments: Metals Recycling Business (MRB), Auto Parts Business (APB), and Steel Manufacturing Business (SMB). The MRB segment involves in the purchase, collection, processing, recycling, sale, and broking of recycled ferrous metals. It processes large pieces of scrap metal into smaller pieces by sorting, shearing, shredding, and torching. This segmentÂ’s products include ferrous products, including shredded, sheared, torched and bundled scrap metal, and other purchased scrap metal; and nonferrous scrap metals, including aluminum, copper, stainless steel, nickel, brass, titanium, and high temperature alloys. The APB segment purchases used and salvaged vehicles, and sells used parts from these vehicles through its auto parts stores. As of August 31, 2009, it operated 37 self-service, 16 full-service, and 2 hybrid auto parts stores in the United States and western Canada. The SMB segment engages in the purchase of recycled metal, and processing of the recycled metal and other raw materials into finished steel products. Its product portfolio comprises rebar, coiled rebar, wire rod, merchant bar, and other specialty products. This segment serves steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and farm and wood product suppliers. Schnitzer Steel Industries, Inc. was founded in 1946 and is headquartered in Portland, Oregon.
Key Statistics

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    CORPORATE GOVERNANCE 
    Schnitzer Steel Industries Inc.'s Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 32.5% of Russell 3000 companies and 36.1% of Materials companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Ms. Tamara Adler L. Lundgren , 52
    Chief Exec. Officer, Pres
    $ 5.69M $ 0
    Mr. Richard D. Peach , 45
    Chief Financial Officer and Sr. VP
    $ 930.00K $ 0
    Mr. Donald W. Hamaker , 57
    Pres of Metals Recycling Bus.
    $ 1.98M $ 0
    Mr. Gary A. Schnitzer , 67
    Exec. VP of Bus. Devel.
    $ 1.26M $ 0
    Mr. Thomas D. Klauer Jr., 55
    Sr. VP and Pres of Auto Parts Division
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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