Steel & Tube
Tough market conditions reflect Steel & Tube earnings
The steel manufacturing company Steel & Tube has recorded a large half-year loss, in line with forecasts, mostly because of a 37-million dollar write down in asset values. Audio
Steel & Tube says adverse trading conditions to result in loss
Building products company Steel & Tube is under pressure again as tough trading conditions prompt big write-offs and a large first half loss. Audio
Steel & Tube back in the black
Building products firm Steel & Tube has returned to profitability as it cut costs and repaid debt. Audio
Steel & Tube's biggest shareholder sells out to steel supplier
Steel & Tube's biggest shareholder has sold its stake to an Australian steel maker after Fletcher Building scrapped its takeover offer earlier this week. Audio
Fletcher Building revises initial offer to buy Steel & Tube
Fletcher Building has withdrawn its takeover offer for Steel & Tube, after its increased puchase price was snubbed.
NZX, Steel & Tube, Wanaka airport
What is happening in business with commentator Rod Oram ; NZX rejects demands from an activist shareholder, Fletcher Building bids for Steel & Tube and Queenstown Airport to invest in Wanaka Airport.
…Steel & Tube writes off $54m following review, to make big loss
The share price of Steel & Tube has dropped by nearly a quarter in early trading after the building supplies company said it would take a $54 million write-down.
Steel company pleads guilty to 24 charges
Steel & Tube has pleaded guilty to criminal charges laid against it almost a year ago for misrepresenting its seismic steel mesh.
Steel and Tube boss steps down
Steel & Tube chief executive Dave Taylor is resigning just shy of eight years in the role.
Steel & Tube chief executive to go next week
Steel & Tube's chief executive Dave Taylor has resigned. Audio
Steel & Tube shares fall
Shares in Steel & Tube have fallen sharply after it warned its full-year earnings have been hit by competition, delays and shrinking margins.
Reliable steel supply key in construction boom
Analysis - Demand for a steel supply system New Zealanders can rely on matters more in the middle of a construction boom, writes Phil Pennington.
Labour slams govt over steel mesh charges
The prosecution of three steel companies shows the government has been negligent in monitoring building product quality, the Labour Party says.
Steel mesh could compromise house insurance
The steel mesh in tens of thousands of NZ homes could compromise their insurance, major UK insurers have told a class action lawyer. Audio
Steel and Tube profit up after one-off sale
Listed steel maker and building products company Steel and Tube's full year profit has risen nearly 20 percent on the back of an asset sale, but says there are signs world steel prices are improving.
Real concern over quality of steel supplies - MBIE
The government's building watchdog has conceded there is real concern around steel supplies - but says that there is no actual evidence of problems with steel.
Steel company to investigate own error
The NZ Transport Agency is trusting Steel and Tube to investigate itself, after the company imported 1600 tonnes of substandard steel for the Huntly bypass.
Govt 'reckless' to play down steel threat
Playing down the threat of substandard steel that made it past New Zealand controls is reckless of the government, says a veteran global steel trader.
Calls for steel inquiry go international
A top international testing organisation has been alerted to the Huntly steel failures and wants them investigated.
$450m Huntly Bypass contractors told steel price 'too low'
The contractors who imported 1600 tonnes of substandard steel for the $450m Huntly Bypass were warned the deal was too good to be true.