Schnitzer Steel Industries, (SCHN) shares opened at $28.62 on Wednesday

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SCHN Intrinsic Value – Schnitzer Steel Industries ($NASDAQ:SCHN), Inc. is a steel manufacturing and recycling company based in Portland, Oregon. It is the largest steel recycler in the United States. Schnitzer Steel’s recycling operations collect and process ferrous and non-ferrous metals from end-of-life vehicles, scrap metal from manufacturing processes, and other sources.

The company’s steel manufacturing operations produce finished steel products, including rebar, wire rod, and coils. Schnitzer Steel’s shares opened at $28.62 on Wednesday, gapping up $1.21 from the previous day’s close of $27.41.

Price History

On Monday, SCHNITZER STEEL INDUSTRIES stock opened at $28.6 and closed at $29.6, down by 5.0% from its prior closing price of 31.2. The company’s stock has been volatile in recent days, as investors try to assess its future prospects.

VI Analysis – SCHN Intrinsic Value

SCHNITZER STEEL INDUSTRIES is a company with strong fundamentals that reflect its long term potential. The company’s fair value is around $44.1, which means that the stock is currently undervalued by 33%.

VI Peers

Schnitzer Steel Industries Inc is one of the largest steel producers in the world. Its competitors include Daido Steel Co Ltd, FENG HSIN STEEL CO LTD, and Bengang Steel Plates Co Ltd.

– Daido Steel Co Ltd ($TSE:5471)

Daido Steel Co Ltd is a Japanese steel manufacturer with a market cap of 154.52B as of 2022. The company has a Return on Equity of 7.71%. Daido Steel Co Ltd produces a wide range of steel products, including stainless steel, carbon steel, and alloy steel. The company also manufactures and sells steel products for use in construction, shipbuilding, automotive, and other industries.

– FENG HSIN STEEL CO LTD ($TWSE:2015)

FENG HSIN STEEL CO LTD is a steel manufacturer based in Taiwan. The company has a market capitalization of 34.08 billion as of 2022 and a return on equity of 15.9%. Feng Hsin Steel Co Ltd produces a variety of steel products including hot rolled coils, cold rolled coils, and hot dip galvanized coils. The company also produces steel pipes and tubes, wire rods, and other steel products. Feng Hsin Steel Co Ltd has a production capacity of 2.8 million tons of steel products per year.

– Bengang Steel Plates Co Ltd ($SZSE:000761)

Bengang Steel Plates Co Ltd is a leading steel producer in China with a market cap of 12.33B as of 2022. The company has a Return on Equity of 5.86%. Bengang Steel Plates Co Ltd produces a variety of steel products including plates, coils, sheets, and pipes. The company is vertically integrated and has a diversified customer base.

Summary

If you’re looking to invest in a steel company, Schnitzer Steel Industries is a great option. Schnitzer Steel has a strong presence in the United States, with operations in 27 states. The company’s stock has been volatile in recent years, but it’s currently trading at a reasonable price. Schnitzer Steel is a well-established company with a strong future, and it’s a great option for investors looking to get into the steel industry.