Sims expects net loss of 521 million dollars for 2011-12

摘要

The world's largest listed scrap recycler, Sims Metal Management, flagged a net loss of 521 million dollars for fiscal 2011-12 (July-June) Wednesday, citing the impact of the weak global economy on steel prices and scrap demand. This compares with a net profit of 192.1 million dollars in fiscal 2010-11.