Scrap Prices North America
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Schnitzer Expands Strategy Role, Names New CFO
Written by Becca Moczygemba
August 2, 2022
Schnitzer Steel Industries Inc. is shaking things up.
The Portland, Ore.-based recycler and steelmaker has appointed Richard Peach to serve as its executive vice president and chief strategy officer, an expanded role.
Peach previously acted as the company’s executive vice president, chief financial officer, and chief strategy officer.
Schnitzer has also appointed Stefano Gaggini, currently vice president, deputy chief financial officer and chief accounting officer, to be senior vice president and chief financial officer.
Additionally, Mark Schuessler will serve as the vice president and chief accounting officer. Schuessler has served as vice president, accounting and reporting, the company said.
All changes are effective September 1, 2022.
More detail is available here.
By Becca Moczygemba, Becca@SteelMarketUpdate.com
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Becca Moczygemba
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The price spread between hot-rolled coil (HRC) and prime scrap widened in February ahead of the implementation of President Trump’s tariffs on steel.
HRC vs. prime scrap spread narrows again in January
The price spread between hot-rolled coil (HRC) and prime scrap continued to narrow in January, according to SMU’s most recent pricing data. While SMU’s average HRC price edged down week over week (w/w), it rose compared to a month ago. The January price for busheling also increased from December. Our average HRC price as of […]
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HRC vs. prime scrap spread flat in November
The price spread between hot-rolled coil (HRC) and prime scrap remained the same in November as both tags were at the levels seen a month earlier, according to SMU’s most recent pricing data.
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HRC vs. busheling spread narrows slightly in October
The price spread between hot-rolled coil (HRC) and prime scrap narrowed marginally in October, according to SMU’s most recent pricing data.
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HRC vs. scrap spread widens but remains low
The price spread between hot-rolled (HR) coil and prime scrap widened slightly in August but remains in territory not seen since late 2022, according to SMU’s most recent pricing data.