To: Sims Metal Management Limited (Sims) Level 12, Suite 1202

Exhibit 4.11

June 23, 2011

To:		Xxxx Metal Management Limited (Sims)
		Xxxxx 00, Xxxxx 0000
		00 Xxxxx Xxxxxx
		Xxxxx Xxxxxx XXX 0000
Attention:		Xx Xxxxxx Xxxxxx
		Group Chief Executive

Dear Sirs

Application of clause 7.17 of the Common Terms Deed 2011

We refer to the Common Terms Deed dated on or about the date of this letter (Common Terms Deed) between Sims, each party listed in Part 1 of Schedule 1 of that deed as Original Borrowers, each party listed in Part 2 of Schedule 1 of that deed as Original Guarantors and the persons listed in Part 3 of Schedule 1 of that deed as Original Lenders, including Bank of America, N.A. (the Lender).

Capitalised terms in this certificate have the meaning given in the Common Terms Deed unless otherwise defined herein.

Pursuant to clause 7.17(c) of the Common Terms Deed, the Lender and Sims agree that clause 7.17 of the Common Terms Deed is to apply in respect of the Lender and all Guarantors.

This letter is a Transaction Document in respect of the Lender for the purposes of the Common Terms Deed.

		BANK OF AMERICA, N.A.
		By:		/s/ Xxxxxxx X. Xxxxxxxxx
		Name: Xxxxxxx X. Xxxxxxxxx
		Title: Senior Vice President

Agreed and acknowledged by Sims:

		Sims
		Signed for
		Xxxx Metal Management Limited
		ACN 114 838 630
sign here ►		/s/ Xxxxxx X. Xxxxxx
		Director
print name		Xxxxxx X. Xxxxxx
sign here ►		/s/ Xxxxx Xxxxxxx
		Director/Company Secretary
print name		Xxxxx Xxxxxxx