One year ago, in the quarter ending May 31, 2020, Schnitzer suffered a net loss of $5 million. That represents a 41 percent increase from its $46 million net income the prior quarter. The scrap metal recycling and auto salvage company, which also operates an electric arc furnace (EAF) steel mill, has reported net income of $65 million in its most recent quarter. has reported a boost in net income during its 2021 fiscal year third quarter, which ended May 31, 2021. Portland, Oregon-based Schnitzer Steel Industries Inc.
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