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    Market Segment

    March 18, 2024

    Radius expects wider Q2 loss

    Written by Ethan Bernard

    Radius Recycling anticipates a wider loss in its fiscal second quarter vs. the first quarter, according to preliminary results.

    The Portland, Ore.-based company, formerly Schnitzer Steel Industries, has announced a preliminary net loss of ~$35 million in its Q2’24 ended Feb. 29, widening from a loss of $18 million in the previous quarter.

    Ethan Bernard

    Ethan Bernard is managing 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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