24
Aug
20:59
Sims' NA metals business suffers from stiffer competition
Australian metal recycler Sims reveals that profit at its North America metals division fell sharply in its fiscal year 2023, Kallanish learns.
The segment's earnings before interest and tax declined by roughly 80% to AUD 55.5 million ($35.6m) in the 12-month period ended 30 June. Sims attributes the weaker performance to falling selling prices and stronger domestic competition.
Revenue at the North America metal business decreased by approximately 12% …
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Anonymous
Very good overview of the weekly steel market.
Anonymous