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A shrinking global steel market is undermining the industry's business model, Forsyth Barr analyst Rob Mercer says.
Listed constructions materials supplier Steel & Tube reported a 23% fall in annual profit to $13.1 million, as dwindling demand and stiff competition squeezed margins.
The share
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David Williams
Wed, 11 Jul 2018
Wed, 11 Jul 2018
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Analyst's call on coming steel industry year
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