BlueScope says NZ Steel at risk if required to shut again

BlueScope says NZ Steel at risk if required to shut again
Gavin Evans
BlueScope Steel says its New Zealand business will be at risk if the operations are again shut as part of the government’s covid-19 response. The firm, which operates the NZ Steel smelter at Glenbrook and Pacific Steel in Otahuhu, said the level 4 lockdown in March cost it about $25 million and it doesn’t want to see it repeated. “We have demonstrated we are capable of running our operational plants with full infection controls in place,” the company told BusinessDesk. “Our plant is vast, highly automated and employees are widely space...

More Economy

Weak jobs data help clear path for August rate cut
Economy

Weak jobs data help clear path for August rate cut

Filled jobs edged higher but will likely be revised lower. 

OCR steals the show
Economy

Cameron Bagrie: OCR steals the show

The yield on a NZ 10-year bond is currently around 4.6%.

Cameron Bagrie 28 Jul 2025
Independent review warm on ACC investment arm but eyes risk
Economy

Independent review warm on ACC investment arm but eyes risk

A review of ACC’s investment arm issues warm findings but homes in on risk factors.

Staff reporters 25 Jul 2025
Tariff-led fall in NZ export demand less than in GFC: RBNZ
Economy

Tariff-led fall in NZ export demand less than in GFC: RBNZ

RBNZ's Paul Conway concluded that global supply chains were becoming less efficient.

Staff reporters 24 Jul 2025