Schnitzer Southeast LLC - MACON (7th St)

Schnitzer is a global leader in the collection, processing, and sale of the worlds most recycled product: steel. Through our integrated operating platform, we process scrap metal and we manufacture finished steel products from our own scrap metal. Properly handled, scrap metal is a continuous and valuable resource that can be re-melted and reshaped into new products countless times while providing significant economic and environmental benefits as compared to virgin materials. We recycle metals ranging from iron and steel to aluminum, copper, lead, stainless steel and zinc. Schnitzer provides the complete cycle of reuse across our company : Auto and Metals Recycling Business – collects, processes, and resells a wide variety of scrap metal for new metal production and provides recycled auto parts for retail customers,Metals Recycling – salvages scrap metals from vehicles, home appliances, rail cars, industrial machinery, manufacturing scrap and construction and demolition materials for use by steel mills and foundries in new products,Auto Recycling – sells used auto parts from end-of-life vehicles to retail and wholesale customers and supplies auto bodies to our metals recycling facilities and other recyclers,Steel Manufacturing Business – produces high-quality reinforcing steel and wire rod used in new construction utilizing scrap metal nearly 100% sourced from our Auto and Metals Recycling Business.

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 105 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. A fundamental driver of our business is the global demand for recycled metal which has been increasing due to advances in processing technologies and significant environmental benefits. We collect scrap metal in North America, processing it for reuse and selling it to steel mills and foundries globally. From emerging to developed markets, our unique and flexible platform supports the world's economic growth. 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. The company has paid a dividend every quarter since its public listing.

METALS RECYCLING

As one of the nation's largest recyclers of scrap metal, Schnitzer's metals recycling facilities collect, broker, process and recycle metal, both ferrous (containing iron) and nonferrous (not containing iron). Our integrated platform enables the delivery of processed metals to steel mills and foundries around the world for new production due to our strategically located facilities. Continuous capital investments in advanced technologies provide high quality, operationally efficient scrap metal processing.We purchase scrap metals from the Western U.S. and Canada, Hawaii, Alaska, the New England states, the Southeast and Puerto Rico. Our proximity to large industrial suppliers and railways, deep water ports and major highways provides us with strong sources of supply and a competitive advantage to deliver processed scrap metal wherever demand is greatest.

AUTO RECYCLING

Schnitzer operates Pick-n-Pull, one of the nation's premier self-service used auto parts networks dedicated to supplying customers with low-cost, quality used auto parts. Pick-n-Pull has 55 auto recycling facilities in 15 U.S. states and Canada as well as an online inventory for customers to rapidly locate specific vehicles and track availability of parts.We purchase approximately 350,000 used and salvaged vehicles annually from tow companies, private parties, auto auctions, city contracts and charitable organizations. After the autos are properly drained of fluids and hazardous materials are removed, the autos are then set in our well-organized yards for customers to select and pull valuable parts. We also sell some vehicles as 'rebuilders.' Over five million customers visit annually, from do-it-yourself retail customers to recreational mechanics, professional rebuilders, entrepreneurial business owners, volume resellers and collision repair shops.