The company also remains on track with its cost savings and productivity initiatives. Schnitzer Steel, during the fiscal third quarter, substantially completed the execution of its targeted $30 million of annual cost savings and productivity actions announced in April last year, bringing the total benefits of its multi-year program to $160 million. Schnitzer Steel has also integrated the operations of Auto and Metals Recycling (AMR) unit's Oregon metals recycling with the Steel Manufacturing Business (SMB) segment, forming a new division, Cascade Steel and Scrap (CSS). The move is aimed at enhancing its flexibility, generating internal synergies, improving customer service and to more effectively respond to changes across recycling and steel production market. The company expects to report the results of CSS operations as a single reportable segment starting in the fourth quarter of fiscal 2017.