Schnitzer Steel to Halt Operations at Export Dock and Scrap Yards

SEATTLE (Scrap Monster): Schnitzer Steel announced temporary suspension of operations at its deep sea ferrous bulk export dock in Rhode Island and three scrap yards in the region, in response to prevailing market situations.

According to the company, the export dock in Providence, Rhode Island has suspended operations effective 3rd April, 2020. Schnitzer Steel’s dock has been the primary contributor of bulk ferrous scrap exports from Providence, which had totalled approximately 6.84 million tonnes in the previous year.

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In addition, the Portland, Oregon-based company announced that operations at its ferrous and nonferrous scrap yard facilities in Worcester, Massachusetts; Manchester, New Hampshire; and Portland, Maine have also been closed temporarily as part of adjustments to its business to match with low market demand situation.

The deep-sea ferrous scrap bulk dock and mega-shredder in Everett, Massachusetts will remain open with restrictions in operating time. The facility will be open only from Monday through Thursday. It must be noted that the collections had recorded drastic decline in recent weeks.

The company has also elected Tamara L. Lundgren to succeed John D. Carter as Chairman of the Board, in addition to serving as Schnitzer’s President and Chief Executive Officer.