Confluence of exceptional factors drives record result for Vulcan
Some gains will be retained but overall the outlook is cloudy, especially in NZ, the company said.
Vulcan Steel has exceeded all expectations for the year.
There have been two key drivers of an exceptional year’s result at Vulcan Steel – pricing, and strong first-half volume performance.
Gross margins of 40%, up 3% over the year before, and a gross profit per tonne of $1,477, up 42% year-on-year, had been the result of an “exceptional pricing
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