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Soft market, asset write-downs wallop Steel & Tube’s first half

Market won’t improve but second half will be better, company says.

Dita De Boni Mon, 24 Feb 2020

Asset write-downs in the tens of millions and operating headwinds have once more taken their toll on half-year earnings at Steel & Tube.

But the company is promising things will improve, saying better market confidence, new contracts and other “proactive measures” will make for a positive

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Dita De Boni Mon, 24 Feb 2020
Contact the Writer: dita@nbr.co.nz
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Soft market, asset write-downs wallop Steel & Tube’s first half
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