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Write-downs push Sims Metal Management deep into the red again in first fiscal half

Half-yearly revenues fall by 25 per cent compared to the prior-year period

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(USA) – Activities in North America again dragged down earnings for the scrap trading concern Sims Metal Management. Once again, write-downs pushed the internationally active company deep into the red. On 22 February, the company reported a net loss of AUD295.5m (ca. €231m) for is financial first half ended 31 ...

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