Schnitzer Steel Industries, Inc. is an American steel manufacturing company headquartered in Portland, Oregon. Founded in 1906, the company deals mainly in recycled steel. In 2004, the company was ranked fourth in The Seattle Times Northwest 100 list of public companies. As of 2006, it was the tenth largest public company in Oregon by market capitalization. In 2007, Schnitzer ranked 901st on the Fortune 1000 list of the largest companies in the United States with annual revenues of $1.85 billion. Founded in 1906 by Sam Schnitzer, the company started as a one-person scrap metal recycler. In... 1946, the company incorporated. The company went public in 1993 in an Initial Public Offering of $18 per share for 2,750,000 shares. In 2005, Schnitzer Steel acquired GreenLeaf Auto Recyclers, LLC and Regional Recycling LLC. The company purchased Max Cohen and Sons, a metals recycler based in New Hampshire, in December 2006. By the end of 2006 Schnitzer operated 28 facilities in 11 states, and by December 2007 increased the number of facilities to 34.
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| NASDAQ symbol: | SCHN |
| Founded: | 1906 |
| Headquarters: | United States of America |
| Legal structure: | Public company |
| Annual revenue: | $1,900,230,000 |
| Net income: | $-32,230,000 |
| Operating income: | $246,900,000 |
| Market cap: | $2,000,000,000 |
| Industries: | Steel, Steelmaking |