Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Sims Metal Management UK (SMM UK or Sims) informed clients that the company has suspended all external deliveries and collections of ferrous and non-ferrous materials at all of their UK operations with effect Tuesday evening.


The company estimates operations will be suspended for an initial three-week period due to the impact of COVID-19 outbreak it said in an email sent to clients on Tuesday.


Sims generated and sold 1.6mn mt of recyclable material in 2019. The company has 40 metals recycling sites and a staff of 761 employees, according to their latest operational results. Sims’ UK operations have experienced a challenging operating environment even before the virus outbreak. In H12020 (first half ended Dec 31) Sims’ sales volumes plunged 16.4pc to 663,000mt compared to H12019, while margins turned negative to -5.8pc compared to 1.2pc in H12019.


In February, Sims stated that the company intended to close 11 locations across the UK to consolidate volumes into four multi-functional sites to reduce operating costs. 

Leave a Reply

Your email address will not be published.