Steel Products

Schnitzer Steel Changes Name to Radius Recycling

Written by Ethan Bernard

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.

Ethan Bernard

Ethan Bernard is a reporter and editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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