SIMS closing yards

From AMM today, SIMS targets 35 yards, 800 jobs. They don't specify how many in N.A.. N.A. Yards are mostly central North America.

This s not good news for future metal prices since they claim to be the worlds largest metal and electronic recyclers in the world. It would be interesting how many other yards they are closing outside North America. If they cannot ride out the depressed prices, we should all take note.

In their 2015 financial projections, Sims Metal made this statement about some sectors of their business: Significant earnings improvement in the East and West was offset by extremely challenging competitive conditions in the North America Central Region.

Quote:

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Originally Posted by bigburtchino

In their 2015 financial projections, Sims Metal made this statement about some sectors of their business: Significant earnings improvement in the East and West was offset by extremely challenging competitive conditions in the North America Central Region.

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That statement was echoed in the article. The article did not say how many of the 35 were in North America. It did say that the majority of the N.A. ones were in central part of N.A. they did talk about mainly feeder yards were they had multiple locations in 1 area. Chicago last week was an example of this.

There was also another article in the last few days that mentioned Omnisource and Schnitzer (in addition to Sims and DJJ) as closing some yards.

Quote:

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Originally Posted by mthomasdev

That statement was echoed in the article. The article did not say how many of the 35 were in North America. It did say that the majority of the N.A. ones were in central part of N.A. they did talk about mainly feeder yards were they had multiple locations in 1 area. Chicago last week was an example of this.

There was also another article in the last few days that mentioned Omnisource and Schnitzer (in addition to Sims and DJJ) as closing some yards.

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I heard last week from my "favorite" yard that Omni was looking at closing 6, one being a yard that takes in from their other yards and trucks it to Ft.Wayne. Might be trying to eliminate the trucking aspect.

Sims has a branch not far from me
i contacted them and they gave me a price list
im going to post it here

i hope this is Ok with Admin.
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L/G PCB 2
4.26ZAR
L/G GREEN PCB 1
5.48ZAR
DECODER PCB
14.36ZAR
M/G PCB (MOTHER BOARD/SERVER MOTHERBOARD,VGA CARDS)
30.46ZAR
H/G PCB-SERVER PCB
60.91ZAR
H/G PCB-GOLD PLATED PCB WITH IC's or GOLD PINS CONNECTORS
62.48ZAR
HDD PCB
142.25ZAR
MOBILE PHONE PC -SEND PHOTO FIRST TO CONFIRM PRICE
142.68ZAR
GRADE ICPU-CERAMIC
838.68ZAR
GRADEII CPU-MMX(BLACK)
587.25ZAR
GRADEIII CPU–MIXED (INCLAMD-K6,PENTIUM IV&ALL PLASTIC
226.20ZAR
GRADEIV CPU–SLOT(PII&PIII)
94.83ZAR
GRADEV CPU– WITH METAL BASE
114.84ZAR
MIXED RAM/MEMORY CARDS
210.98ZAR
MIXED RAM / MEMORY CARDS WITH THICK LEGS / IC LEG
101.79ZAR
HDD (WHOLE)
14.53ZAR
TRANSFORMER
6.18ZAR
PRINTER MOTORS
2.61ZAR
POWER SUPPLY WITH CABLES
5.83ZAR
CPU FANS
3.92ZAR
AL FANS
7.66ZAR
CD&DVD ROM/FDD
2.87ZAR
KEYBOARD/MOUSE,CONNECTORS & REMOTES
0.70ZAR
MIXED ELECTRONICS,PHONES&MOBILE PHONE PARTS
2.44ZAR
MOTOR
5.48ZAR

1.00 ZAR = 0.0596570 USD

M/G PCB (MOTHER BOARD/SERVER MOTHERBOARD,VGA CARDS)
30.46ZAR

30.46 X .0596570 = $1.81

CPU FANS
3.92ZAR

3.92 X .0596570 = $0.23

Please check my math. Your prices look good to me. Mike

Eh? They buy escrap? Mine doesn't.......

I just checked the scrapmetal prices (Not Simms prices, they don't advertise them.. But another scrapyard prices)

Domestic Copper is at NZ$4.69 a Kg. 14 months ago it was NZ$6.30 /Kg.

I started scrapping metals 15 odd yrs ago when Copper broke thru the $4 mark... for the first time ever.

I hope I can still get $5+ a Kg at Simms.