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Schnitzer Steel Industries, Inc. (SCHN)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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53.83+0.71 (+1.34%)
As of 4:00PM EST. Market open.
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Schnitzer Steel Industries, Inc.

299 SW Clay Street
Suite 350
Portland, OR 97201
United States
503 224 9900
http://www.schnitzersteel.com

Sector(s)Basic Materials
IndustrySteel
Full Time Employees3,032

Key Executives

NameTitlePayExercisedYear Born
Ms. Tamara L. Adler Lundgren J.D.Chairman, Pres & CEO2.92MN/A1958
Mr. Richard D. PeachExec. VP, CFO & Chief Strategy Officer1.31MN/A1964
Mr. Michael R. HendersonSr. VP & Pres of Operations1.14MN/A1959
Mr. Jeffrey DyckAdvisor838.16kN/A1963
Mr. Steven G. HeiskellSr. VP & Pres of Products and Services988.32kN/A1969
Mr. Stefano R. GagginiDeputy CFO, VP & Chief Accounting OfficerN/AN/A1971
Mr. Michael BennettSr. Director of Investor RelationsN/AN/AN/A
Mr. Peter B. SabaSr. VP, Gen. Counsel & Corp. Sec.N/AN/A1962
Mr. Robert StoneVP of Corp. Devel.N/AN/AN/A
Mr. Erich D. WilsonSr. VP, Chief HR Officer & Chief of Corp. OperationsN/AN/A1968
Amounts are as of December 31, 2020 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. Currency in USD.

Description

Schnitzer Steel Industries, Inc. recycles ferrous and nonferrous scrap metals; and manufactures finished steel products worldwide. The company operates in two segments, Auto and Metals Recycling (AMR), and Cascade Steel and Scrap (CSS). The AMR segment acquires, processes, and recycles scrap metals, as well as processes mixed and large pieces of scrap metal into smaller pieces by crushing, torching, shearing, shredding, and sorting. This segment offers ferrous recycled scrap metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, and shredded insulated wires, as well as aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys. It sells catalytic converters to specialty processors that extract the nonferrous precious metals, including platinum, palladium, and rhodium; and ferrous and nonferrous recycled metal products to steel mills, foundries, refineries, smelters, wholesalers, and recycled metal processors. This segment also procures salvaged vehicles and sells serviceable used auto parts from these vehicles through its 50 self-service auto parts stores in the United States and Western Canada, as well as sells auto bodies. The CSS segment produces various finished steel products using ferrous recycled scrap metal and other raw materials. It provides semi-finished goods, which include billets; and finished goods consisting of rebar, coiled rebar, wire rods, merchant bars, and other specialty products. This segment serves steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and farm and wood products suppliers. Schnitzer Steel Industries, Inc. was founded in 1906 and is headquartered in Portland, Oregon.

Corporate Governance

Schnitzer Steel Industries, Inc.’s ISS Governance QualityScore as of July 1, 2021 is 4. The pillar scores are Audit: 3; Board: 2; Shareholder Rights: 8; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.
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