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Lower scrap inflow and Zorba sales at Sims Metal Management US JV squeeze earnings

Underlying quarterly Ebit to fall short of the original forecast

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(AUS) – Scrap metal and e-scrap recycler Sims Metal Management Ltd. put out a profit warning for the current first quarter of its 2018/19 financial year early last week. The US-Australian concern revealed it now expected underlying earnings before interest and tax (Ebit) in its first quarter to underperform those of ...

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