Schnitzer issues bright report.(Scrap Industry News)(sales and earnings of Schnitzer Steel Industries Inc.)(Brief Article) From: Recycling Today | Date: May 1, 2004 | COPYRIGHT 2004 G.I.E. Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Schnitzer Steel Industries Inc., Portland, Ore., has reported both revenue and net income figures are up significantly from the same quarter of last year.

For the quarter ending March 31, 2004 (the second quarter of Schnitzer's fiscal 2004 year), the company earned net income of $18.5 million on revenue of $161.6 million. In the same time period last year, the company reported net income of $8.4 million on revenue of $124.7 million.

"The second quarter of fis...