Service Centers
Schnitzer Tops List in Sustainability
January 18, 2023
Schnitzer Steel Industries has been named the most sustainable company in the world, according to a media and research organization.
The scrap recycler and long steel producer topped the 19th annual Global 100 List by Corporate Knights, which focuses on corporate sustainability performance.
The list is based on an assessment of 6,720 companies, each with more than $1 billion in revenue. Performance across a range of sustainability metrics is evaluated.
“Sustainability is at the core of what we do and how we operate, and it has been since our founding in 1906,” Tamara Lundgren, Schnitzer chairman and CEO, said in a statement.
For its performance, the Portland, Ore.-based company cited sustainable revenue from approximately 4.5 million tons of recycled ferrous metals, 700 million pounds of recycled nonferrous metals, and 465,000 short tons of finished steel products made from recycled ferrous metals.
By Ethan Bernard, Ethan@SteelMarketUpdate.com
Latest in Service Centers
Ryerson swung to loss in ’24, but saw fortunes improve over the last month
Ryerson swung to a loss in the fourth quarter, but has seen a turnaround in the last 30 days.
Despite policy uncertainty, Reliance upbeat on ’25
Reliance noted that it is about 95% domestically sourced.
Russel Metals posts solid quarter, doesn’t expect direct impact from tariffs
Russel Metals said on Thursday that it doesn’t expect to be directly impacted by US tariffs on Canadian steel. The Mississauga, Ontario-based distributor made the comments in its quarterly earnings report on Thursday. The company doesn’t export significant volumes to the US, it said, and thus doesn’t expect to be directly impacted. However, “The primary […]
Friedman logs quarterly loss amid ‘challenging conditions’
Friedman swings to a loss in its fiscal third quarter of 2025.
Tampa Steel Conference: Service centers more upbeat about 2025
If 2021 and 2022 was the party, 2024 is the morning after, one panelist said.