New Zealand News

July 5, 2024 New Zealand News Decline In Home Consents Punishes Steel Industry The World Steel Association claims that 52% of all steel produced each year is used in the building and infrastructure sector. It stands to reason, therefore, that any significant downturn in the amount of home building taking place will result in less […]

NZN June24

June 6, 2024 New Zealand News What The Government Promises, Reality Checks Seldom does a Treasurer predict that his/her budget will produce a bleaker future: and the Minister of Finance, Nicola Willis, duly followed suit last week when handing down her budget. Indeed, she mainly highlighted the tax relief of up to $102 per fortnight […]

NZN May24

May 6, 2024 New Zealand News Uneasy Stand-off Distracts From Fletcher´s LowCO Success A widely reported proposal to axe jobs at Easysteel, a subsidiary of Fletcher Building, has cast a shadow over the official launch of Fletcher Living´s innovative residential project, LowCO. The aim of the LowCO project is to significantly reduce carbon emissions in […]

NZN Apr24

April 5, 2024 New Zealand News All Change At The Top Of Fletcher Building In further news on the transition process at Fletcher Building, Nick Traber was due to assume the role of acting CEO of the company, effective from March 29. He will hold that position for an interim period until a permanent CEO […]

NZN Mar24

March 6, 2024 New Zealand News Steel Industry Challenged As Economy Cools The Reserve Bank of New Zealand kept interest rates steady at its February 28 policy meeting. Just as well, because the recent 12 months of rising rates has cooled the New Zealand economy something fierce. Clear evidence of this can be found in […]

NZN Feb24

February 7, 2024 New Zealand News Fall In Housing Consents Bodes Poorly For Steel Industry Falling inflation and the likelihood of interest rate cuts later this year will both be welcomed by the overall New Zealand economy. However, the anti-inflation measures taken during 2023 are now having their full and adverse effect on the steel […]

NZN Jan24

January 5, 2024 New Zealand News Chill Wind Of Economic Reality To Blow Through 2024 At the very beginning of a new year, it is normal to wonder what lies ahead. How will my personal life and business life fare as the year progresses? To know the answer, people often look to predictions by so-called […]

NZN Dec23

December 6, 2023 New Zealand News RBNZ Awaits The Evidence Everyone Else Can See The encouraging news for the steel industry and New Zealand´s business community at large is that the Reserve Bank of New Zealand (RBNZ) held its official cash rate steady at 5.5% last week, rather than raising it. The bad news is […]

NZN Nov23

November 6, 2023 New Zealand News SCNZ´s 2023 Excellence In Steel Awards Steel Construction New Zealand (SCNZ) distributed its annual awards in Queenstown in late October at an event attended by more than 200 structural steel industry leaders and specialists. The awards showcased the sector’s commitment to innovation, best practice and collaboration. The SCNZ´s charter […]

NZN Oct23

October 6, 2023 New Zealand News Housing Down…..Hipkins Next? The opinion poll lead that Christopher Luxon currently enjoys over Chris Hipkins as preferred prime minister suggests there will be a change in government after October 14. And while the role that Winston Peters may play in any eventual coalition remains to be seen, one thing […]