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Markets3h 38m ago

Sims Ltd (ASX: SGM) has upgraded its FY26 underlying EBIT forecast to $420–435 million, from a previous range of $350–400 million.

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North America

Who
Sims Ltd (ASX: SGM)
What
Sims Ltd (ASX: SGM) has upgraded its FY26 underlying EBIT forecast to $420–435 million, from a previous range of $350–400 million.
When
Tue, 16 Jun 2026 23:06:37 GMT · 3h 38m ago
Where
North America ·
Why
The improved outlook is largely due to ongoing strength in non-ferrous markets, a rebound in ferrous trading conditions, and strong performance from its North American businesses.
The Frontline Impact

How this affects you

The upward revision of Sims' earnings forecast reflects positive market trends in the metals recycling sector, particularly in North America, suggesting robust demand and operational strength within those regions. Investors should monitor global steel trade flows and ANZ ferrous conditions as they continue to influence the company's performance.

Story chain

2 events in this thread
  1. Markets3h 38m ago
    Sims Ltd upgraded its FY26 underlying EBIT forecast to $420–435 million, up from $350–400 million.
    Open article
  2. Currently Reading3h 38m ago
    Sims Ltd (ASX: SGM) has upgraded its FY26 underlying EBIT forecast to $420–435 million, from a previous range of $350–400 million.

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