Exhibit 4.14
 CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO CERTAIN PORTIONS OF THIS AGREEMENT.
CONFIDENTIAL PORTIONS HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE U.S. SECURITIES AND EXCHANGE
COMMISSION.
 Strictly Private and Confidential
 To:
    
    Sims Metal Management Limited ACN 114 838 630Suite 1202Level 12, 65 Berry StreetNorth Sydney NSW 2080Attention:
    
    Peter RickettsDate:
    
    13 December 2009Dear Sirs
 AMENDED AND RESTATED MULTI OPTION FACILITY AGREEMENT  FEE LETTER
 Sims Facility
Agreement
 1.
    
    Definitions and Interpretation1.1
    
    A term defined in clause 1.1 of the Facility Agreement has the same meaning when used in this
fee letter unless stated otherwise in this fee letter.1.2
    
    Clause 1.2 of the Facility Agreement is incorporated into this fee letter as if set out in
this fee letter in full and as if all references in that provision to this Agreement were to
this fee letter.1.3
    
    The provisions of the Facility Agreement will apply to this fee letter.1.4
    
    This fee letter is a Transaction Document.1.5
    
    This fee letter is entered into in connection with the Cash Advance Facility, the Trade
Facilities and the Bank Guarantee and Standby Letter of Credit Facility.2.
    
    Margin under Cash Advance Facility
  Debt / EBITDA
    
    Margin
    
    Commitment Fee ([*] of Margin)[*]
    
    [*]
    
    [*]
 [*] Confidential Treatment Requested




---



##### 



3.
    
    Fees
 3.1
    
    [*]3.2
    
    Commitment Fee
 (a)
    
    The Commitment Fee referred to in clause 10.5 of the Facility Agreement is [*]
of the applicable margin per annum, as set out in 2 above.
 3.3
    
    Establishment Fee
 (a)
    
    The Establishment Fee referred to in section 1 of Schedule 3 of the Facility
Agreement in relation to the Bank Guarantee and Standby Letter of Credit Facility is
AUD100, effective on and from 1 May 2009.
 3.4
    
    Guarantee Fee
 (a)
    
    The Guarantee Fee referred to in section 1 of Schedule 3 of the Facility
Agreement in relation to the Bank Guarantee and Standby Letter of Credit Facility is
equal to the margin, as set out in 2 above, per annum.
 3.5
    
    Trade Facility Fees and Margins
  Import Tariff:
 LC Opening/Negotiation:
    
    0.20% (min. USD65)CILE:
    
    0.05% (min. USD30)Bankers Acceptance (under Usance LC):
    
    0.05% per month (min. USD45)Amendments (% of face value):
    
    0.20% (min. USD45)Reimbursement (borne by Bene wherever possible):
    
    USD65 per negotiationBill Collection:
    
    0.10% (min. USD65; max. USD125)CIL:
    
    LIBOR + 1.275%
 [*] Confidential Treatment Requested




---



##### 



Export Tariff:
 LC Advising:
    
    USD20LC Negotiation (Document Examination):
    
    0.10% (min. USD65, max. USD250)CILE:
    
    0.05% (min. USD30)Amendments:
    
    USD25Courier/SWIFT:
    
    At costBill Collection
    
    0.10% (min USD65; max USD125)Interest rate for gill discounting provided by HSBC (HK):
    
    LIBOR + 1.275%*Interest rate for Bill discounting provided by HSBC (Australia):
    
    Calculated on a case by case basis
 
 *
    
    1.275% is charged as this is against a mixture of confirmed LCs, discrepant documents
under LCs, and bills pending negotiation. Confirmation Charges:
   Moodys A3
    
    Moodys A3-
    
    BelowCountry
    
    (or better)
    
    Baa
    
    Moodys Baa
    
    OthersChina
    
    0.40% p.a.
    
    0.65% p.a.
    
    Case-by-Case
    
    Case-by-CaseIndonesia
    
    0.40% p.a.
    
    0.65% p.a.
    
    Case-by-Case
    
    Case-by-CaseIndia
    
    0.40% p.a.
    
    0.65% p.a.
    
    Case-by-Case
    
    Case-by-CaseMalaysia
    
    0.40% p.a.
    
    0.65% p.a.
    
    Case-by-Case
    
    Case-by-CaseThailand
    
    0.40% p.a.
    
    0.65% p.a.
    
    Case-by-Case
    
    Case-by-CaseTaiwan
    
    Case-by-Case
    
    Case-by-Case
    
    Case-by-Case
    
    Case-by-Case
 [*] Confidential Treatment Requested




---



##### 



Moodys A3
    
    Moodys A3-
    
    BelowCountry
    
    (or better)
    
    Baa
    
    Moodys Baa
    
    OthersVietnam
    
    Case-by-Case
    
    Case-by-Case
    
    Case-by-Case
    
    Case-by-CaseNepal
    
    Case-by-Case
    
    Case-by-Case
    
    Case-by-Case
    
    Case-by-CaseBangladesh
    
    Case-by-Case
    
    Case-by-Case
    
    Case-by-Case
    
    Case-by-CaseOthers
    
    Case-by-Case
    
    Case-by-Case
    
    Case-by-Case
    
    Case-by-Case
  AUD Overdraft:
  Other Fees:
  4.
    
    Change in the Margin and/or Fees
  5.
    
    Confidentiality
  6.
    
    Counterparts
  7.
    
    Governing Law
   [*] Confidential Treatment Requested




---



##### 



HSBC Bank Australia Limited
 
 The Hongkong and Shanghai Banking Corporation Limited
 
 
 [*] Confidential Treatment Requested




---



##### 



HSBC Bank USA, National Association
 [*] Confidential Treatment Requested




---



##### 



7.
    
    Governing Law
    
 HSBC Bank Australia Limited
 
 The Hongkong and Shanghai Banking Corporation Limited
 
 HSBC Bank PLC
 [*] Confidential Treatment Requested




---



##### 



HSBC Bank USA, National Association
 [*] Confidential Treatment Requested




---



##### 



7.
    
    Governing Law
    
 HSBC Bank Australia Limited
 
 The Hongkong and Shanghai Banking Corporation Limited
 
 HSBC Bank PLC
 [*] Confidential Treatment Requested




---



##### 



HSBC Bank USA, National Association
 [*] Confidential Treatment Requested




---



##### 



7.
    
    Governing Law
    
 HSBC Bank Australia Limited
 
 The Hongkong and Shanghai Banking Corporation Limited
 
 HSBC Bank PLC
 [*] Confidential Treatment Requested




---



##### 



HSBC Bank USA, National Association
 [*] Confidential Treatment Requested




---



##### 



To:
    
    HSBC Bank Australia LimitedHSBC Bank PLCHSBC Bank USA, National AssociationThe Hongkong and Shanghai Banking Corporation Limited
  
 Sims Metal Management Limited
    [*] Confidential Treatment Requested