(Correction: The headline of the original article incorrectly said the stock set a nine-month low.)
Schnitzer Steel Industries (SCHN) climbed late Wednesday morning and took out the highs of the day going into the close. The stock finished up by $2.95 at $61.20 on above average volume. Schnitzer Steel Industries rose above a week and a half long range Wednesday and closed at a 9-month high.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.