Schnitzer Steel Industries (SCHN)

Overall impact
B (65)

Commentary

Schnitzer Steel Industries is a strong overall performer. With a 'B' rating of 64.9 for overall impact (73rd percentile compared to all companies), Schnitzer Steel Industries ranks 8th out of 62 industry peers, behind Chaparral Energy, Friedman Industries, Tacora Resources and 4 others, and ahead of Vale, Ossen Innovation, Northwest Pipe and 51 others. On top material causes for Schnitzer Steel Industries's industry (Metals & Mining), Schnitzer Steel Industries performs well in Terrestrial Biodiversity (87.2 score), Conflict Free Mineral Production (96.2), Sustainable Use of Natural Resources (89.0) and 1 other cause where it received an 'A' score and performs poorly in Improved Mental Health (33.6 score) and Decent, Safe Work Opportunities (2.1).
Impact
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Company
Founded
1906
Employees
3,471
Sector
Materials
Industry
Metals & Mining
Sub-industry
Steel
SASB industry
Iron & Steel Producers
Headquarters
Or, United States
Share classes
SCHN
Description
Schnitzer Steel Industries, Inc., doing business as Radius Recycling, recycles ferrous and nonferrous metal and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous 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, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high-temperature alloys. The company also procures salvaged vehicles and sells serviceable used auto parts from these vehicles through its 51 retail self-service auto parts stores, 54 metals recycling facilities, and an electric arc furnace steel mill. In addition, it produces various finished steel products using ferrous recycled metal and other raw materials, as well as semi-finished goods, which include billets, and finished goods consisting of rebar, coiled rebar, wire rods, merchant bars, and other specialty products. Further, the company 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, as well as finished steel customers, such as steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and major farm and wood products suppliers. Schnitzer Steel Industries, Inc. was founded in 1906 and is headquartered in Portland, Oregon.
Material causes
Ethos considers the following causes material for Schnitzer Steel Industries, based on its industry sub-industry Steel. Learn more about material causes in our methodology overview.

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