Schnitzer Steel Industries, INC.: management transactions · United States · SEC (Form 4)

About Schnitzer Steel Industries, INC.

SCHNITZER STEEL INDUSTRIES, INC. is a long-established U.S. industrial company focused on metal recycling and steel manufacturing. Founded in 1906, the company built a vertically integrated model that collects, processes, and recycles ferrous and nonferrous metals, including end-of-life vehicles, and then channels a portion of that recycled feedstock into its own steel production operations. Following a brand change announced in 2023 and a legal name change approved in January 2024, the company now operates under the name Radius Recycling, while the legacy SCHN ticker remains the identifier used by many market participants. It is a U.S.-listed company on the NYSE/NASDAQ market, and therefore sits squarely within the coverage universe of international equity investors focused on recycling, circular economy, and industrial materials. The business model is centered on two core activities: metals recycling and auto-related salvage services, complemented by steel manufacturing. The company operates a network of roughly 50 self-service auto parts stores, which sell reusable parts recovered from salvaged vehicles, alongside approximately fifty metals recycling facilities. These assets support the collection, sorting, shredding, and processing of scrap metal before it is sold to industrial customers, processors, brokers, and steelmakers in domestic and foreign markets. On the steel side, the company produces finished long steel products using recycled ferrous feedstock, including rebar, wire rod, and other specialty long products. Competitively, SCHN’s key differentiator is integration across the value chain. By owning recycling assets, salvage channels, and an electric arc furnace steel mill, the company is able to capture value at multiple steps in the recycled-metals loop. This also makes it more exposed to commodity cycles, especially movements in scrap prices, steel spreads, and the availability of end-of-life vehicles and other scrap inputs. Strategically, the model is well aligned with decarbonization and circular-economy themes, since electric arc furnace production relies heavily on recycled metal rather than virgin ore. Geographically, the company is primarily based in the United States, with operations spread across multiple states and a long-standing Oregon heritage. Its customer base spans both domestic and export markets. Recent notable developments include the Radius Recycling rebrand, continued expansion of third-party recycling services, and cost-saving / productivity initiatives highlighted in recent investor materials. For French-speaking investors, SCHN is best understood as a cyclical but strategically relevant materials and recycling platform, tied to industrial demand, resource efficiency, and the growing need for lower-carbon metal supply chains.