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SIMS closing yards

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  1. 11-19-2015, 04:01 AM #1
    mthomasdev
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    Quote Originally Posted by bigburtchino View Post
    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.
    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.

  2. 11-19-2015, 09:35 AM #2
    Mechanic688
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    Quote Originally Posted by mthomasdev View Post
    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.
    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.
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