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Schnitzer Steel Industries, Inc. (SCHN)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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33.87-0.01 (-0.03%)
As of 11:46AM EST. Market open.

Schnitzer Steel Industries, Inc.

299 SW Clay Street
Suite 350
Portland, OR 97201
United States
503 224 9900
https://www.schnitzersteel.com

Sector(s)Basic Materials
IndustrySteel
Full-time employees3,471

Key executives

NameTitlePayExercisedYear born
Ms. Tamara L. Lundgren J.D.Chairman, Pres & CEO6.23MN/A1958
Mr. Richard D. PeachExec. VP & Chief Strategy Officer2.13MN/A1964
Mr. Michael R. HendersonSr. VP & Pres of Operations1.84MN/A1959
Mr. Steven G. HeiskellSr. VP & Pres of Products and Services1.62MN/A1969
Mr. Stefano R. GagginiSr. VP & CFON/AN/A1971
Mr. Mark SchuesslerVP & Chief Accounting OfficerN/AN/A1979
Mr. Michael BennettVP of Investor RelationsN/AN/AN/A
Mr. James Matthew VaughnSr. VP, Gen. Counsel & Corp. Sec.N/AN/A1973
Mr. Robert StoneVP of Corp. Devel.N/AN/AN/A
Mr. Erich D. WilsonSr. VP, Chief HR Officer & Chief of Corp. OperationsN/AN/A1969
Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Schnitzer Steel Industries, Inc. 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.

Corporate governance

Schnitzer Steel Industries, Inc.’s ISS governance QualityScore as of 1 December 2022 is 4. The pillar scores are Audit: 4; Board: 3; Shareholder rights: 8; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.