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Sims idles shredder, cites market conditions

Nov 21, 2013 | 01:50 PM | Lisa Gordon

Tags  auto shredder, Sims Metal Management, metal recycler, David's Auto Shredding, Lisa Gordon


PITTSBURGH — Sims Metal Management Ltd. has idled its Mobile, Ala., auto shredding operation within the past week.

A company spokesman confirmed the decision and said the move was due to dynamics in the marketplace.

"We are evaluating the market conditions on an ongoing basis to determine whether to continue idling the shredder or to restart it. In the meantime, we are continuing as before to buy material at that and our other Gulf region facilities," he said.

The yard is still buying scrap metal across its scales. The material is not being shipped to another Sims shredder, but is being sold to competitors in the marketplace.

Sims acquired the shredder last year when it bought David’s Auto Shredding Inc. (amm.com, Aug. 23, 2012).

Earlier this year, Sims sold its other Alabama shredder and exited the Birmingham market (amm.com, July 26).




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After witnessing the pace of steel plant idlings and worker layoffs during the first half of the year, what is your view of the second half of 2015? (choose one)

No matter what else happens, layoffs and shutdowns, etc., have nearly or essentially stopped for the year.
The environment will change little and the pace of layoffs will continue at a similar rate as the first half of 2015.
The environment will change little yet the pace of layoffs will begin to slow slightly to moderately.
The environment will change little yet the pace of layoffs could exceed the rate seen thus far.
The environment will improve slightly to moderately yet hiring and plant restarts will not resume this year.
The environment will improve slightly to moderately, with hiring and plant restarts commencing.
The environment will improve dramatically yet hiring and plant restarts will still be negligible in comparison.
The environment will improve dramatically yet hiring and plant restarts will only be slight to moderate.
The environment will improve dramatically, with hiring and plant restarts occurring nearly in tandem.


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