Hot Asian Companies To Buy For 2015

Hot Asian Companies To Buy For 2015: Schnitzer Steel Industries Inc.(SCHN)

Schnitzer Steel Industries, Inc. engages in recycling ferrous and nonferrous scrap metals, and used and salvaged vehicles; and manufacturing finished steel products. 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, and broking of ferrous scrap metals. It processes mixed and large pieces of scrap metal into smaller pieces by sorting, shearing, shredding, and torching. This segment?s products include ferrous products, including ferrous scrap metal, a feedstock used in the production of finished steel products; and nonferrous scrap metals, including aluminum, copper, stainless steel, nickel, brass, titanium, lead, high temperature alloys, and joint products, such as zorba (mixed nonferrous material) and zurik (stainless steel). The MRB segment sells its products to steel mills and smelters. The APB s egment purchases used and salvaged vehicles and sells serviceable used auto parts from these vehicles through its 45 self-service auto parts stores, which are located across the United States and western Canada. It also sells other vehicles, including auto bodies; cores, such as engines, transmissions, alternators, and catalytic converters; and nonferrous materials to metal recyclers. The SMB segment engages in the purchase of recycled metal, and processing of the recycled metal and other raw materials into finished steel products. Its product portfolio comprises semi-finished goods and finished goods consisting of rebar, coiled rebar, wire rod, merchant bar, and other specialty products. This segment serves steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and farm and wood product suppliers. The company exports its products worldwide. Schnitzer Steel Industries, Inc. was founded in 1946 and is based in P! ortland, Oregon.

Advisors' Opinion:

• [By Dan Caplinger]

  Another problem that ArcelorMittal and other steel companies have faced is the emerging Chinese steel industry. China subsidizes its steelmakers, and with Chinese infrastructure and construction activity being relatively weak, oversupply is spilling over and having an impact on world steel prices. Recycled scrap producer Schnitzer Steel (NASDAQ: SCHN  ) noted last month that market prices for its exports fell by $50 per ton during its most recent quarter, and given Schnitzer's exposure to Asia, those figures likely reflect China's contribution to the global weakness.

source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/hot-asian-companies-to-buy-for-2015-2.html