Schnitzer Steel Industries, Inc.

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 segments 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.