Gateway to the Australasian Steel and Metals Industry
“New Zealand News about steel” refers to the latest and most relevant information and updates specifically related to the steel industry in New Zealand. This news coverage may include topics such as:
Steel Production: Updates on the production capacity and output of steel in New Zealand.
Steel Consumption: Information on the demand and utilization of steel in various sectors like construction, manufacturing, and infrastructure.
Trade and Imports: Reports on steel imports and exports, including trade agreements and tariffs that may impact the steel market in New Zealand.
Industry Developments: Coverage of new projects, investments, and technological advancements in the steel sector.
Economic Impact: Insights into how the steel industry’s performance affects the overall economy of New Zealand.
Environmental Initiatives: News about sustainability efforts and regulations that may influence steel production practices.
Workforce and Employment: Updates on employment trends and workforce dynamics within the steel industry.
Steel Prices: Information on the pricing trends and factors affecting steel prices in New Zealand.
Industry Challenges: Reports on challenges faced by the steel sector, such as supply chain disruptions or changing market dynamics.
Future Outlook: Forecasts and predictions for the steel industry’s prospects in New Zealand based on ongoing developments and macroeconomic trends.
New Zealand News about steel aims to keep industry stakeholders, investors, policymakers, and the public well-informed about the latest happenings and trends in the steel sector within the country.
December 6, 2024 New Zealand News Rate Cut A Relief For Struggling Steel Industry In characteristic Kiwi style, the Reserve Bank of New Zealand´s decision in late November to lower its official cash rate (OCR) by 50 basis points was a bold move and contrary to the hesitancy being shown by most central banks around […]
November 6, 2024 New Zealand News Predicted Steel Slowdown Hitting Hard The slowdown in steel market conditions in New Zealand has prompted Vulcan Steel to issue a bleak market update on trading conditions and the company’s performance for the September quarter of calendar 2024, which is the first quarter of the 2025 financial year (FY25). […]
October 6, 2024 New Zealand News Steel Industry Challenged By Weakening Economy The New Zealand steel industry continues to experience pain at all points along its supply chain: from manufacturers to distributors and consumers. As such, when the Reserve Bank of New Zealand (RBNZ) meets on Wednesday to consider its Official Cash Rate (OCR), it […]
September 8, 2024 New Zealand News Company Results Prove Depth Of Industry Downturn All indicators had been pointing to a significant downturn in the New Zealand steel industry. Now, various high-profile company results for the year ended June 2024 are brutal evidence of that downturn. In announcing its results during August, Steel & Tube said […]
August 6, 2024 New Zealand News Falling Inflation Brings The House Down With It The battle against inflation is being won. By the end of June, annualised inflation had come down to 3.3%, according to Stats NZ. That level is encouragingly close to the Reserve Bank of New Zealand´s target range of 1 – 3%. […]
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 […]
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 […]
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 […]
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 […]
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 […]
