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General Business
4 mins to read

Steel order book down 40%, as residential market ‘disappears’

Industry cites a non-existent pipeline and imported product as among key issues, and pins hopes on more spending and interest cuts next year.

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Steel fabricators, facing paper thin order books for the remainder of this year, are bracing themselves to hold out until 2025.

That's as top tier players, including Auckland’s D&H Steel Construction and Grayson Engineering, say orders are already down as much as between 40% and 50%

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Brent Melville Tue, 02 Jul 2024
Contact the Writer: bmelville@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

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Steel order book down 40%, as residential market ‘disappears’
General Business,
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