Homescrap metal pricesSims Metal Management Ltd takes a $664 million Charge

Feb 9 2012 – SGM stock drops 12% – see news article summary below

SimsMetalDrops Most Since 2009 on Write-Off: Sydney Mover

Bloomberg-Sims Metal Management Ltd. (SGM) fell the most in more than three years in Sydney trading after the world’s biggest recycler ofscrap metalsaid it will

SimsMetaltakes $614m impairment charge?Sydney Morning Herald
Metalgiant’s shares plunge on writedown announcement?Materials Recycling Week
SimsMetalin $614m writedown of North America business?The Australian

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