Schnitzer Steel Industries, Inc. operates as a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles; and a manufacturer of finished steel products in North America. Segments The company operates through two segments, Auto and Metals Recycling (AMR) and Steel Manufacturing Business (SMB). AMR segment This segment sells and brokers ferrous scrap metal (containing iron) to foreign and domestic steel producers, including SMB, and nonferrous scrap metal (not containing iron) to both foreign and domestic markets. This segment buys collects, processes and recycles autobodies, rail cars, home appliances, industrial machinery, manufacturing scrap and construction and demolition scrap from bridges, buildings and other structures through its 106 auto and metals recycling facilities. The company’s major source of autobodies is its own network of auto parts stores, which operate under the commercial brand-name Pick-n-Pull. The company sources material through regional supply chains that collect scrap from large and small businesses and individuals. This segment procures salvaged vehicles and sells serviceable used auto parts from these vehicles through its 55 self-service auto parts stores located across the United States (U.S.) and Western Canada. This segment processes mixed and large pieces of scrap metal into smaller pieces by crushing, torching, shearing, shredding and sorting, resulting in scrap metal pieces of a size, density and metal content required by customers to meet their production needs. This segment processes recycled metals ranging from iron and steel to aluminum, copper, lead, stainless steel and zinc for use in the manufacture of new products. With operating facilities located in 23 States, Puerto Rico and Western Canada, the company is positioned to collect scrap metal throughout North America and deliver products to customers worldwide from its 7 deep water ports. In the year ended August 31, 2015, the company sold its products to customers located in 23 countries, including the U.S. and Canada; and processed or brokered 3.7 million tons of ferrous scrap metal and 585 million pounds of nonferrous scrap metal. Products This segment’s primary products consist of recycled ferrous and nonferrous scrap metal. Ferrous scrap metal is a key feedstock used in the production of finished steel products and is primarily categorized into heavy melting steel, plate and structural (bonus) and shredded scrap (shred). The company’s nonferrous products include aluminum, copper, stainless steel, nickel, brass, titanium, lead, high temperature alloys and joint products, such as zorba (primarily mixed nonferrous material) and zurik (primarily stainless steel). Customers AMR sells its ferrous and nonferrous recycled metal products worldwide to steel mills, foundries and smelters; and supplies the ferrous scrap metal required by SMB. AMR's self-service auto parts stores also serve retail customers who are typically individuals seeking to obtain serviceable used auto parts at a competitive price. Retail customers remove the parts without the assistance of store employees and pay a listed price for the part. AMR sells processed nonferrous scrap metal to specialty steelmakers, foundries, aluminum sheet and ingot manufacturers, copper refineries and smelters, brass and bronze ingot manufacturers, wholesalers, and wire and cable producers worldwide. Distribution AMR delivers recycled ferrous and nonferrous scrap metal to foreign customers by ship and to domestic customers by barge, rail and road transportation networks. AMR sells used auto parts from its self-service retail stores. SMB segment This segment produces semi-finished goods (billets) and finished goods, consisting of rebar, coiled rebar, wire rod, merchant bar and other specialty products, using approximately 100% recycled metal sourced from AMR. AMR is the sole supplier for SMB’s scrap metal requirements, which SMB purchases at rates that approximate market prices for shipments from the West Coast of the U.S. This segment’s products are primarily used in nonresidential and infrastructure construction on
schnitzer steel inds inc-a
299 SW Clay Street
Portland, OR 97201
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