Sims plans to write down $113.6 million

May 15, 2013 | 03:27 PM | Sean Davidson

Tags  Sims Metal Management, inventory write-down, impairment charge, scrap, recycling, Sean Davidson

NEW YORK — Sims Metal Management Ltd. expects to write down about Australian $115 million ($113.6 million) in its fiscal second half, the company said late May 14.

The write-downs stem from costs related to management changes, restructuring, landfill provisions and inventory re-evaluations following an investigation launched by the New York-based company" in January (, Jan. 22).....

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