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Sims Metal Management Ltd Updates H1 2013 EBITDA Guidance
Sims Metal Management Ltd provided guidance for first half of 2013 underlying earnings before interest, tax, depreciation, and amortization (EBITDA) in the range of $110 million to $120 million. Due to continued challenging market conditions, SimsMM now expects first half of 2013 underlying EBITDA to be approximately 20% lower than the previous guidance range.
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