Schnitzer is a global leader in the collection, processing, and sale of the world's most recycled product: steel. Since our founding in 1906, Schnitzer has grown into a global leader in metals recycling through a combination of organic investments and acquisitions which provide state-of-the-art processing, manufacturing and information technologies. Today, Schnitzer operates 95 recycling facilities, including seven deep water ports – on both U.S. coasts and in Hawaii and Puerto Rico – which enable efficient delivery of processed scrap metals to steel mills and foundries around the world. Schnitzer Steel Industries, Inc. has corporate headquarters in Portland, Oregon and has traded on the NASDAQ Stock Market under the symbol SCHN since its IPO in 1993.