Exhibit 4.28
 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.
  
   Multi-Currency Revolving Floating Rate Cash Advance Facility
 Sims Bank Agreement
   Commitment
  13 March 2012
 1.
    
    [*]2.
    
    The Margin grid set out in Clause 2.3 of the Agreement is replaced with the following
 Total Finance Debt / EBITDA
    
    Margin[*]
    
    [*]
 [*] Confidential Treatment Requested




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3.
    
    The Commitment Fee set out in Clause 2.9 of the Agreement is amended to [*]of the
applicable Margin.
     
 Acknowledgement and Acceptance
  EXECUTEDby SIMS METAL
    
    
    )MANAGEMENT LIMITED in
    
    
    )accordance with section 127(1) of the
    
    
    )Corporations Act 2001 (Cwlth) by
    
    
    )authority of its directors:
    
    
    ))))Signature of director
    
    
    )
)
    
    
    Signature of director/company secretary*)
    
    
    * delete whichever is not applicable)Name of director (block letters)
    
    
    
    
    
    Name of director/company secretary* (block letters)* delete whichever is not applicable
 [*] Confidential Treatment Requested




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Signed  Sims Group Australia Holdings Limited
 Signature of director
    
    Signature of director/secretaryName of director (please print)
    
    Name of director/secretary (please print)SignedbySims Group UK Limitedby a director and secretary/director:Signature of director
    
    Signature of director/secretaryName of director (please print)
    
    Name of director/secretary (please print)SignedbySims Group UK Holdings Limitedby a director and secretary/director:Signature of director
    
    Signature of director/secretaryName of director (please print)
    
    Name of director/secretary (please print)SignedbyMirec BVby a director and secretary/director:Signature of director
    
    Signature of director/secretaryName of director (please print)
    
    Name of director/secretary (please print)
 [*] Confidential Treatment Requested




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SignedbySims Recycling Solutions ABby a director and secretary/director:Signature of director
    
    Signature of director/secretaryName of director (please print)
    
    Name of director/secretary (please print)ExecutedbySims Group USA Corporationby its officer:Signature of officerName of officer (please print)ExecutedbySims Group Global Trade Corporationby its officer:Signature of officerName of officer (please print)ExecutedbyNorth Carolina Resource Conservation, LLCby its officer:Signature of officerName of officer (please print)
 [*] Confidential Treatment Requested




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ExecutedbySims Group USA Holdings Corporationby its officer:Signature of officerName of officer (please print)ExecutedbySchiabo Larovo Corporationby its officer:Signature of officerName of officer (please print)ExecutedbySimsmetal East LLCby its officer:Signature of officerName of officer (please print)ExecutedbySimsmetal West LLCby its officer:Signature of officerName of officer (please print)
 [*] Confidential Treatment Requested




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ExecutedbyMetal Management, Inc.by its officer:Signature of officerName of officer (please print)ExecutedbyMetal Management Alabama, Inc.by its officer:Signature of officerName of officer (please print)ExecutedbyMetal Management Arizona, L.L.C.by its officer:Signature of officerName of officer (please print)ExecutedbyMetal Management Connecticut, Inc.by its officer:Signature of officerName of officer (please print)
 [*] Confidential Treatment Requested




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ExecutedbyMetal Management Memphis, L.L.C.by its officer:Signature of officerName of officer (please print)ExecutedbyMetal Management Midwest, Inc.by its officer:Signature of officerName of officer (please print)ExecutedbyMetal Management Mississippi, Inc.by its officer:Signature of officerName of officer (please print)ExecutedbyMetal Management Northeast, Inc.by its officer:Signature of officerName of officer (please print)
 [*] Confidential Treatment Requested




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ExecutedbyMetal Management Ohio, Inc.by its officer:Signature of officerName of officer (please print)ExecutedbyMetal Management West, Inc.by its officer:Signature of officerName of officer (please print)ExecutedbyProler Southwest LPby its officer:Signature of officerName of officer (please print)ExecutedbyMetal Dynamics Detroit LLCby its officer:Signature of officerName of officer (please print)
 [*] Confidential Treatment Requested