Steel Product Producers
Radius Recycling Updates NASDAQ Symbol
Written by Ethan Bernard
August 31, 2023
The common stock of Radius Recycling, formerly Schnitzer Steel Industries, will start trading on NASDAQ under the symbol ‘RDUS’ at the open of market trading on Sept. 1.
The Portland, Ore.-based scrap recycler and long steel producer said on Aug. 30 ‘RDUS’ will replace its current ticker symbol ‘SCHN,’ adding that the new ticker symbol aligns with the rebranding from Schnitzer Steel to Radius Recycling announced in July.
Radius noted that no action is required by existing shareholders with respect to the ticker symbol change.

Ethan Bernard
Read more from Ethan BernardLatest in Steel Product Producers

Zekelman Industries Expanding ZI-Strut Line
Zekelman Industries has announced an expansion of its its ZI-Strut™ metal framing and accessories product line.

Stelco Considering Bid for U.S. Steel: Bloomberg
Canadian steelmaker Stelco Holdings Inc. is now in the mix to purchase U.S. Steel, according to an article in Bloomberg on Thursday, which cited people familiar with the matter.
Deacero Set to Invest $1B in New EAF Mill and Plant Updates in Mexico
Mexican steelmaker Grupo Deacero will invest $1 billion over the next three years as it plans to expand its steel production by 1.2 million tons per year, according to a local report.

USS Expects Lower Q3 Earnings, Says UAW Strike Partly To Blame
U.S. Steel expects earnings to drop in the third quarter vs. the prior quarter and the same period a year earlier as the company adjusts production because of the United Auto Workers (UAW) union strike.

SDI to Provide Steel for Mercedes Plant in Alabama
Steel Dynamics Inc. (SDI) and Mercedes-Benz have signed an agreement for the automaker to source 50,000 metric tons of C02-reduced steel for its plant in Tuscaloosa, Ala.