ASX:SGMMetals and Mining
Why Sims (ASX:SGM) Is Down 6.7% After Securing Exclusive Supply Role for Queensland Green Steel Mill
In late July 2025, Sims Limited and Equest Steel Pty Ltd. announced a non-binding Memorandum of Understanding for Sims to exclusively supply up to 550,000 tonnes of ferrous scrap annually for Alter Steel’s proposed electric arc furnace in Pinkenba, Queensland, with plans also including site development to enhance logistics and inventory management.
This partnership aims to enable Alter’s A$750 million mill to produce lower-carbon reinforcing steel locally, supporting a transition to more...