Schnitzer Board Declares Quarterly Dividend

PORTLAND, Ore.--()--The Board of Directors of Schnitzer Steel Industries, Inc. (Nasdaq: SCHN) declared a cash dividend of $0.1875 per common share, payable on November 23, 2015, to shareholders of record on November 9, 2015. Schnitzer has paid a dividend every quarter since going public in November 1993.

About Schnitzer Steel Industries, Inc.

Schnitzer Steel Industries, Inc. is one of the largest manufacturers and exporters of recycled metal products in the United States with operating facilities located in 24 states, Puerto Rico and Western Canada. Schnitzer's Auto and Metals Recycling (AMR) business operates seven deep water export facilities located on both the East and West Coasts and in Hawaii and Puerto Rico, and 105 auto parts stores and metals recycling facilities. Under its integrated operating platform, the Company also manufactures new steel products from recycled metals through its Steel Manufacturing Business (SMB). With an effective annual production capacity of approximately 800,000 tons, SMB produces finished steel long products, including rebar, wire rod and other specialty products primarily for construction in the Western United States and Canada. The Company began operations in 1906 in Portland, Oregon.

Contacts

Schnitzer Steel Industries, Inc.
Investor Relations:
Alexandra Deignan, 646-278-9711
www.schnitzersteel.com
ir@schn.com

Contacts

Schnitzer Steel Industries, Inc.
Investor Relations:
Alexandra Deignan, 646-278-9711
www.schnitzersteel.com
ir@schn.com