type public traded as nasdaq schn industry steel scrap metal founded 1906 portland oregon headquarters portland oregon united states key people john d. carter chairman tamara l. lundgren ceo 1 products finished steel rebar wire rod revenue us 1.915 billion fy 2015 2 operating income us 196 million fy 2015 net income us 190 million fy 2015 total assets us 962.299 million fy 2015 total equity us 538.551 million fy 2015 number of employees 2 955 2015 3 divisions metals recycling auto parts subsidiaries cascade steel rolling mills inc. pick n pull website www.schnitzersteel.com schnitzer steel industries inc. is an american steel manufacturing and scrap metal recycling company headquartered in portland oregon . in 2004 the company was ranked fourth in the seattle times northwest 100 list of public companies . 4 in 2006 it was the tenth largest public company in oregon by market capitalization . 5 in 2014 schnitzer ranked 803rd on the fortune 1000 list of the largest companies in the united states . 6 contents 1 history 1.1 acquisitions 2 legal record 2.1 bribery allegations 2.2 family control and supermajority voting shares 3 operations 4 see also 5 references 6 external links history edit founded in 1906 by russian immigrant sam schnitzer the company started as a one person scrap metal recycler . 7 in 1946 the company incorporated . the company went public in 1993 via an initial public offering ipo of 18 per share for 2 750 000 shares . 8 acquisitions edit schnitzer acquired pick n pull a stockton california based vehicle recycler in 2003 . 9 in 2005 schnitzer steel acquired greenleaf auto recyclers llc and regional recycling llc . 7 the company also purchased maine metal recycling in 2005 a major ferrous and non ferrous buyer based out of auburn maine . the company purchased max cohen and sons a metals recycler based in new hampshire in december 2006 . 10 by the end of 2006 schnitzer operated 28 facilities in 11 states 10 and by december 2007 increased the number of facilities to 34 . 11 legal record edit bribery allegations edit in december 2007 the securities and exchange commission levied charges against former chairman and ceo robert philip for allegedly violating bribery laws as part of the foreign corrupt practices act in relation to dealings with chinese steel mills . 12 in 2008 tamara lundgren became the chief executive officer with john carter leaving that position to become the chairman of the board . 13 family control and supermajority voting shares edit the schnitzer family had maintained control of the corporation through supermajority voting rights until january 2010 when family members had sold off stock and dropped their stake in the company to less than 20 percent . 14 operations edit the company s primary activities are collecting processing and recycling scrap metal ferrous and nonferrous metal and producing finished steel products such as rebar and wire rod from the recycled materials . 15 with operations in both the u.s. and asia schnitzer s activities are divided into three operating groups metals recycling steel manufacturing and auto parts . 15 cascade steel mill in mcminnville oregon the metals recycling unit purchases scrap metal and processes that metal for sale to other domestic and international steel makers . 15 the auto parts division buys salvaged vehicles to scrap for parts at its auto parts retailers and then recycles any remaining portions of the vehicles to recyclers . 15 the steel manufacturing group makes finished products such as merchant wire rebar and coiled rebar as well as other specialty products . 15 see also edit list of companies based in oregon references edit schnitzer executive team schnitzer reports fourth quarter and fiscal 2015 financial results . schnitzer steel . october 27 2015 . 2015 10 k eclectic group tops ranking of the region s strongest public companies . the seattle times june 4 2004 . the oregonian top 50 july 2 2006 fortune 1000 companies list for 2014 . geolounge . august 14 2014 . a b 2006 annual report . schnitzer steel . retrieved on april 19 2007 . heaps of junk metal bringing piles of cash to company . los angeles times . may 30 1996 . http www.picknpull.com company.aspx a b schnitzer steel closes deal for recycler . portland business journal december 15 2006 . schnitzer steel announces financial executive changes . portland business journal december 7 2007 . kenney brad . scrapping with the chinese schnitzer steel industries . industryweek march 6 2008 . saker anne november 4 2008 . schnitzer steel names new ceo . the oregonian . retrieved 2008 11 04 . hunsberger brent january 27 2010 . schnitzer family sells stock loses control of steel company . the oregonian . retrieved 28 january 2010 . a b c d e schnitzer steel industries . wright reports . retrieved on april 19 2007 . external links edit sec charges schnitzer steel industries upgraded to buy forbes schnitzer steel looks rusty v t e st. johns portland oregon buildings and structures burlington northern railroad bridge 5.1 national cash register building portland woolen mills schrunk riverview tower st. johns city hall st. johns bridge st. johns library st. johns twin cinema schools james john elementary school james john high school roosevelt high school parks & recreation cathedral park kelley point park pier park smith and bybee wetlands natural area st. johns racquet center people james john francis i. mckenna terry schrunk companies jobes milling company oregon shipbuilding corporation oregon steel mills portland woolen mills schnitzer steel industries v t e oregon based companies nyse listed greenbrier companies lithia motors nike nw natural portland general electric nasdaq listed columbia sportswear electro scientific industries erickson inc. fei flir lattice mentor graphics radisys rentrak schnitzer steel umpqua holdings private companies a dec banfield consumer cellular esco franz bakery hoffman construction infocus kindercare education laika leupold & stevens les schwab the old spaghetti factory parr lumber plaid pantry reser s fine foods roseburg forest products shari s vigor industrial other bi mart tillamook creamery western family foods list of companies based in oregon retrieved from https en.wikipedia.org w index.php title schnitzer steel industries & oldid 715066914 categories steel companies of the united statesmanufacturing companies based in oregonmanufacturing companies established in 19061906 establishments in oregoncompanies based in st. johns portland oregoncompanies based in portland oregoncompanies listed on nasdaq navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial 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