19
Feb
09:38
New Zealand’s Steel & Tube plans recovery
New Zealand steel distributor and tube supplier Steel & Tube says it has embarked on a rationalisation of its operations that will dramatically cut costs. The company has already closed some sites and boosted its profits in the first half of its financial 2019, Kallanish notes.
The company saw revenues drop -3.62% year-on-year to NZD 258.2 million ($8.37m) over the six months to December 2018, but net attributable profits rose by 47.4% to NZD 5.6m. That…
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Anonymous
Very good overview of the weekly steel market.
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