(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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.