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Schnitzer Steel swings to loss as revenue slides

2015-06-30 17:14:35| Steel - Topix.net

The company has struggled recently with steep declines in ferrous-metals prices. But it has been restructuring--idling two of its eight automotive shredders and a handful of feeder yards, as well closing seven of its underperforming auto-parts businesses--which has helped the company cut costs.

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