There seems to be big issues at CMA. Onesteel lost $4m in...

There seems to be big issues at CMA. Onesteel lost $4m in recycling for the half, blamed the competition in Australia. Sims also had a down result in Australia and claimed they are defending their market share. Doesn't sound like the market where a minnow is going to prosper.

Announcement rhetoric indicates issues with the bank, and the market will be updated late next week.

IMO this has all the shades of the TPI saga. Won't be resolved in a hurry.