Radius makes stock ticker symbol update

Portland, Oregon-based Radius Recycling, a new name for the recycling and steelmaking company formerly known as Schnitzer Steel Industries Inc., is updating its stock ticker symbol on the Nasdaq exchange.

The switch, effective this Sept. 1, coincides with the start of a new fiscal year for the company and will see the former SCHN ticker symbol become RDUS. The SCHN symbol had been used since the firm’s initial public offering in 1993.

The rebrand to Radius Recycling was announced in late July. At that time, the company’s CEO Tamara Lundgren commented, “Radius Recycling is a name that represents our 3,500 employees, thousands of stakeholders and a future in which recycled metals sit at the center of progress, seamlessly connecting all points within the circular economy.”

Radius Recycling, with roots that trace back to 1906, operates a network of scrap metal recycling processing facilities with locations in 25 states, Puerto Rico and Western Canada. Another of the company’s business units has 50 retail stores selling used components and parts from salvaged vehicles, while its scrap-fed electric arc furnace steel mill I Portland makes rebar, wire rod and other products.