Vulcan Steel forges a tough 2024, hopes for a brighter 2025
Interest rate cuts have made NZ conditions slightly better, but will take a while to feed through, company says.
The company said that, regardless of the market or inflation landscape, it had struck firmly to cost efficiency.
Almost exactly like competitor Steel & Tube yesterday, but on a bigger scale, today Vulcan Steel’s full-year results revealed a company doing it tough this year and not expecting things to pick up until calendar 2025.
Vulcan reported volumes down 9% across the business and gross profit dollars per
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