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Soaring global prices push NZ steel up 14pc

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13 Nov 2017  -  Steel prices have risen 14 per cent writes Anna Gibson for the NZHerald earlier today.  Rising international prices have prompted Pacific Steel to increase costs to its New Zealand customers by 14 per cent.  Stan Clark, Pacific Steel's sales and marketing manager, wrote to customers, telling them of the price hike.

"As an outcome of international steel price movements since the middle of the year, traded steel prices have increased here in New Zealand throughout that period. As a consequence, Pacific Steel has reviewed its prices and will be reflecting this market movement by increasing its prices by approximately 14 per cent commencing for orders placed for manufacture from the November production campaign," Clark wrote

Continue here to the full article published in the NZHerald  ||  November 13,  2017   |||