Sims Ltd reports that market conditions were soft in the first quarter of its 2022/23 financial year, The US-Australian metals and data centre recycler had seen lower volumes, tighter margins, and "resiliently high" inflation in the three months ended 30 September. In a trading update issued at its annual general meeting on Tuesday, Sims said that lower scrap volumes resulting from significantly reduced economic activity, coupled with increased competition for available infeed, had tightened margins....
Sims Ltd: Soft scrap market squeezes margins in first quarter
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