PORTLAND –Schnitzer Steel Industries Inc. (SCHN) on Wednesday reported a fiscal first-quarter loss of $7 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Portland-based company said it had a loss of 26 cents. Losses, adjusted for one-time gains and costs, were 17 cents per share.
The recycler of ferrous and nonferrous scrap metal posted revenue of $405.6 million in the period.
