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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (7833)2/12/2004 11:02:33 AM
From: mishedlo  Read Replies (1) of 110194
 
Bruce Brown on SCHN - Scrap Steel

Schnitzer attracted me due to having their fingers in about three diverse pies which all involved recycling: used auto parts where they buy used/junk cars and customers come and strip the parts themselves for a fee called Pick-N-Pull then the leftovers are sent on for recycling where they shred an auto frame in 30 seconds to fist sized pieces of metal, steel manufacturing where they melt recycled metal to create "new metal" products (a lot of fencing and construction products) and recycling of steel (scrap metal).

schnitzersteel.com

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