Schnitzer Steel Industries, Inc. engages in recycling ferrous and nonferrous metals, and used and salvaged vehicles; and manufacturing finished steel products in the United States and Canada. The company operates through three segments, Metals Recycling Business (MRB), Auto Parts Business (APB), and Steel Manufacturing Business (SMB). The MRB segment involves in the purchase, collection, processing, recycling, sale, trading, and broking of recycled ferrous metals. It processes large pieces of scrap metal into smaller pieces by sorting, shearing, shredding, and torching. This segment?s products include ferrous products, including shredded, sheared, torched and bundled scrap metal, and other purchased scrap metal; and nonferrous scrap metals, including aluminum, copper, stainless steel, nickel, brass, titanium, and high temperature alloys.
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