Sims Metal Management Limited is engaged in ferrous secondary recycling, non-ferrous secondary recycling, recycling solutions, and secondary processing and other services. Its ferrous secondary recycling product group consists of the collection, processing and trading of iron and steel secondary raw material. Its non-ferrous secondary recycling product group consists of the collection, processing and trading of other metal alloys and residues. Its recycling solutions product group consists of the provision of environmentally responsible solutions for the disposal of post-consumer electronic products. In June 2013, the Company announced that Perpetual Limited and subsidiaries ceased to be substantial shareholder of the Company. In July 2013, Sims Metal Management Ltd announced the sale of its interest in Metal Management Aerospace, Inc (Aerospace), to ELG Utica Alloys.