33 / Schnitzer Steel Industries, Inc. Form 10-K 2021 Performance Graph The following graph and related information compare cumulative total shareholder return on our Class A common stock for the fiveyear period from September 1, 2016 through August 31, 2021, with the cumulative total return for the same period of (i) the S&P 500 Steel Index and (ii) the S&P 600 Metals & Mining Index. These comparisons assume an investment of $100 at the commencement of the five-year period and that all dividends are reinvested. The stock performance outlined in the performance graph below is not necessarily indicative of our future performance, and we do not endorse any predictions as to future stock performance. Year Ended August 31, 2016 2017 2018 2019 2020 2021 Schnitzer Steel Industries(1) $ 100 $ 148 $ 149 $ 129 $ 120 $ 294 S&P 500 Steel $ 100 $ 114 $ 129 $ 101 $ 94 $ 242 S&P 600 Metals & Mining $ 100 $ 133 $ 138 $ 91 $ 89 $ 161 (1) Because of the composition of our major product categories, we have no direct market peer issuers. ITEM 6. [RESERVED] $- $50.00 $100.00 $150.00 $200.00 $250.00 $300.00 $350.00 $400.00 August 31, 2016 August 31, 2017 August 31, 2018 August 31, 2019 August 31, 2020 August 31, 2021 U.S. Dollars ($) Cumulative Total Shareholder Return Schnitzer Steel Industries, Inc. Class A S&P 500 / Steel S&P Small Cap 600 / Metals & Mining
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