Cascade Steel Rolling Mills

Cascade Steel Rolling Mills, a subsidiary of Schnitzer Steel Industries, is an EAF steelmaker producing rebar, coiled reinforcing bar, wire rod, merchant bar and other specialty products.

Latest News

Schnitzer Steel Reports 94% Increase in 2nd Quarter Income

06 April 2005 - Schnitzer Steel Industries, Inc. reported net income of $36.0 million on revenues of $215.7 million for its fiscal 2005 second quarter that ended February 28, 2005.

Cascade Steel Names Director of Operations

08 September 2004 - Robert W. Philip, President and CEO of Schnitzer Steel Industries, Inc., announced that Jeff Dyck has been promoted to Director of Operations for Cascade Steel Rolling Mills, Inc., a wholly owned subsidiary of Schnitzer.

Schnitzer Steel Third Quarter Segment Analysis

01 September 2004 - Metals Recycling Business—The Metals Recycling Business's third quarter 2004 operating income amounted to $32.5 million, representing an improvement of 221% over the third quarter of last year. The increase was primarily driven by higher selling prices and sales volumes. Ferrous metal sales prices averaged a record $237 per ton during the recent quarter, which compares to $133 per ton reported in last year's third quarter and $158 per ton recognized in the second quarter of fiscal 2004. Many of the sales reported in the third quarter of fiscal 2004 were the result of orders taken late in the second quarter when market selling prices for ferrous metals rose to record levels. Third quarter 2004 sales volumes amounted to 445,000 tons, which were 3% higher than the volume shipped in the third quarter of fiscal 2003.

Schnitzer Sales and Marketing VP Announces Retirement

30 August 2004 - Robert W. Philip announced that Terry Glucoft, Vice President of Domestic Sales and Marketing for Metals Recycling for Schnitzer Steel Industries, Inc., would be retiring from the company at the end of August.

Cascade Steel President to Retire

24 August 2004 - Robert W. Philip, Chairman and CEO of Schnitzer Steel Industries, Inc. announced the intention of Kurt Zetzsche, President of Cascade Steel Rolling Mills, Inc. to retire Nov. 5, 2004, shortly after his 65th birthday.

Schnitzer Steel Reports Record Quarterly Revenue and Net Income

08 July 2004 - Schnitzer Steel Industries, Inc. reported net income of $42.5 million on revenues of $193.8 million for the third quarter ended May 31, 2004. For the first nine months of fiscal 2004, Schnitzer Steel reported net earnings of $73.2 million on revenues of $483.7 million.

Schnitzer to Explore Strategic Alternatives for Cascade Steel Rolling Mills

06 May 2004 -  

Schnitzer Adjusts 3rd Quarter Earnings Guidance

29 April 2004 -  

VAII to Modernize Cascade Steel EAF

16 April 2004 -  

Schnitzer Steel Reports Record Quarterly Earnings

02 April 2004 - Schnitzer Steel Industries, Inc. reported net income of $18.5 million on revenues of $161.6 million for the second fiscal quarter ended February 29, 2004.

Schnitzer Steel Second Quarter Segment Details

02 April 2004 - Metals Recycling Business—Schnitzer Steel’s wholly owned Metals Recycling Business reported operating income of $13.2 million in the second quarter of fiscal 2004, an improvement of $4.7 million (55%) over the same quarter last year. Operating income divided by ferrous tons sold averaged $26 per ton in the second quarter of fiscal 2004, which compares to $15 per ton and $24 per ton in the second quarter of fiscal 2003 and the first quarter of fiscal 2004, respectively. The improved operating margins were primarily driven by higher average selling prices, which rose by 42% and 13%, over the second quarter of fiscal 2003 and the first quarter of 2004, respectively. Overall, market selling prices rose rapidly in the second fiscal quarter due primarily to the strength in demand from domestic steel manufacturers who saw their finished product order backlog and prices grow. Fiscal 2004 second quarter average domestic selling prices actually increased at a greater rate than our average export selling prices, which was primarily caused by the timing of when orders are received and shipped. Export orders are typically received 60-90 days ahead of shipment, whereas domestic sales are typically shipped within 30 days of order.