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Sims Metal Management again posts annual loss in the hundreds of millions

Cost-cutting measures in all regions and business areas in 2013/14

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(AUS, USA) – Inventory revaluations and goodwill impairments, restructuring costs and other extraordinary charges resulted in a loss in the hundreds of millions for the second time in as many years for the Australian-American scrap recycling concern Sims Metal Management. The company announced on 23 August that it ...

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