Scrap Prices North America
Schnitzer Steel Changes Name to Radius Recycling
July 27, 2023
Schnitzer Steel Industries has changed its corporate name to Radius Recycling.
The Portland, Ore.-based scrap recycler and long steel producer said on Wednesday it’s part of a rebranding initiative to reflect the company’s “vision, purpose, and impact on the global economy.”
“While metals recycling and steel manufacturing have been the foundation of our global business for many decades, our company’s reach now extends far beyond what the name Schnitzer Steel implies,” chairman and CEO Tamara Lundgren said in a statement.
“Our new identity clearly affirms our vision for a sustainable future … seamlessly connecting all points within the circular economy,” she added.
“While our name will be changing, our core values of safety, sustainability, and integrity will continue to serve as the foundation of our culture and will guide us for the next hundred years,” chief public affairs and communications officer Eric Potashner said.
The company said it will change its Nasdaq ticker symbol to RDUS at the start of its next fiscal year in September.
By Ethan Bernard, ethan@steelmarketupdate.com
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