15
Sep
03:28
Sims anticipates breakeven in Q1 FY24
Australia-listed metal recycling firm Sims is anticipating its earnings before interest and taxes (EBIT) in the first quarter of financial 2024 (July-September 2023) to be approximately breakeven, Kallanish notes.
The firm says in a statement that the forecast is subject to usual market dynamics including timing of shipments and the final purchase price for scrap to fulfill those shipments.
While acknowledging the current challenging market conditions, the compa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous