Oct 28 (Reuters) - Sims Metal Management Ltd SGM.AX :
* EXPECTING AN UNDERLYING EBIT LOSS FOR 1H FY20 OF APPROXIMATELY A$20 MILLION TO A$30 MILLION
* SEES FULL YEAR FY20 UNDERLYING EBIT PROFIT OF BETWEEN A$20 MILLION AND A$50 MILLION
* WOULD RETURN TO PROFIT AND PRODUCE A SECOND HALF UNDERLYING EBIT OF BETWEEN A$50 MILLION AND A$70 MILLION
* HAD UNSOLD INVENTORY INTO SEPT, MOST SIGNIFICANTLY IN UK, AT PURCHASE PRICES REFLECTIVE OF JUNE THROUGH AUGUST MARKETS