Sims Ltd

SGM: XASX (AUS)

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Sims: Lowering our Fiscal 2026 Forecast on Weaker Pricing, but Data Center-Related Sales Are Strong

Esther Holloway

Dec 1, 2025

Ferrous scrap metal is used by US steelmakers, with about 70% of its steel produced in an electric arc furnace. But low demand is suppressing prices, despite tariffs intended to protect the steel industry. Meanwhile, nonferrous pricing is strong, with high demand from data center customers.

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Sims Ltd

Sims: Lowering our Fiscal 2026 Forecast on Weaker Pricing, but Data Center-Related Sales Are Strong

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