Sims Metal Management closes financial year with post-tax loss of AUD265m

Company returned to positive Ebit in the month of July

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(US, AUS) – Sales revenue and earnings of Sims Metal Management contracted significantly in the 2019/20 financial year ended 30 June. The whole year was marked by tough market conditions. "The rapid collapse in ferrous scrap prices in September 2019, combined with historically low zorba prices, severely compressed ...

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