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Falling scrap prices and volumes put Sims Metal Management under pressure

Deteriorated market conditions represent "a new-norm"

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(WW) – Recycling company Sims Metal Management has released a profit warning for the current financial year. The metals recycler, which is active in the US, Europe and Australia, made the announcement in reaction to a further deterioration in market conditions since summer. Steel scrap prices have plummeted 42 per ...

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