During the quarter, the Company's revenues came in at $637.8 million, a drop of 10.2% from the comparable year ago quarter. Providing further details on segment wise performance,Tamara Lundgren, President and CEO of SSI said, "In our Steel Manufacturing Business, our utilization rate was the highest it has been since 2008, reflecting strengthening demand. In our Auto Parts Business, retail sales rebounded after a harsh winter and car purchase volumes reached record levels. In our Metals Recycling Business, results reflected a significant adverse impact from average inventory accounting. However, overall sales volumes in MRB were steady with an increase in both export sales off the East Coast and to the domestic market versus the second quarter."

Adjusted net income attributable to SSI for the reported quarter stood at $4 million, or $0.16 per diluted share, compared to $2 million, or $0.09 per diluted share, in Q3 FY 2013.