All parts of the steel cycle have been volatile lately, as investors fret over demand for steel from ArcelorMittal (NYSE:MT) and Nucor (NYSE:NUE) and the demand for inputs like met coal, iron ore, and scrap steel. While improving economic conditions and a possible revival in North American commercial construction may seem to augur well for Schnitzer Steel (Nasdaq:SCHN), investors shouldn't ignore the significant long-term challenges of this leading scrap processor.
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http://www.investopedia.com/stock-analysis/040413/schnitzers-results-are-better-challenges-are-still-significant-schn-sms-stld-nue-cmc.aspx
Investopedia: Schnitzer's Results Are Better, But The Challenges Are Still Significant
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