912603--10/28/2008--SCHNITZER_STEEL_INDUSTRIES

related topics

{cost, regulation, environmental}

{customer, product, revenue}

{operation, natural, condition}

{condition, economic, financial}

{operation, international, foreign}

{gas, price, oil}

{cost, contract, operation}

{cost, operation, labor}

{system, service, information}

{personnel, key, retain}

{competitive, industry, competition}

{acquisition, growth, future}

{product, liability, claim}

{loss, insurance, financial}

Risks Relating to the Company s Businesses The Company operates in industries that are cyclical and where demand can be volatile, which could have a material adverse effect on the Company s results of operations and financial condition. During uncertain economic conditions customers may be unable to fulfill their contractual obligations. MRB is affected by seasonal fluctuations. The principal markets served by the Company are highly competitive. Fluctuations in the value of the U.S. dollar relative to other currencies could adversely affect the Company s ability to price its products competitively. The Company s ability to deliver products to customers and the cost of shipping and handling may be affected by circumstances over which the Company has no control. The Company s businesses depend on adequate supplies of raw materials. Equipment upgrades and equipment failures may lead to production curtailments or shutdowns. The Company may not be able to negotiate future labor contracts on acceptable terms, which could result in strikes or other labor actions. The cost and availability of electricity and natural gas are subject to volatile market conditions. The Company may not be able to successfully integrate future acquisitions. If the Company loses its key management personnel, it may not be able to successfully manage its business or achieve its objectives. Some of the Company s operations present significant risk of injury or death. The Company relies on information technology in critical areas of the Company s operations, and a disruption relating to such technology could harm the Company. The Company could be subject to product liability claims. If Chinese steel production substantially exceeds local demand, it may result in the export of significant excess quantities of steel products. Increases in fuel cost may decrease demand for the Company s auto parts. The Company is subject to environmental regulations and environmental risks which could result in significant environmental compliance costs and environmental liability. Governmental agencies may refuse to grant or renew the Company s licenses and permits. The Company s properties are located in areas that may be subject to potential natural or other disasters. Risks associated with climate change and greenhouse gas emission limitations.

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912603--10/28/2008--SCHNITZER_STEEL_INDUSTRIES_INC