Net loss: $10.4m loss after a $5.3m profit a year ago.
Revenue: Down $65m to $196m.
Main takeaway: The company has been hit hard by the recessionary climate.
NZX-listed steel company Steel & Tube has plunged into the red as the company has been hit hard by weak economic conditions.
The company has reported a net loss of $10.4 million for the six months ended December, which compares with a net profit of $5.3m in the same period a year ago.
