07
May
02:21
Sims anticipates lower EBIT in second half
Australia-listed metal recycler Sims anticipates its underlying earnings before interest and taxes (EBIT) in the second half of 2024 will be marginally lower than the first half, Kallanish notes.
The firm says in a statement that its substantial sales revenue, the timing of revenue recognition, freight costs, and the competitive environment for scrap metal purchases over the next two months, pose upside opportunities and downside risks to this guid…
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Anonymous
Very good overview of the weekly steel market.
Anonymous