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

How to Be Wrong: summer reading for the PM
Economy

How to Be Wrong: summer reading for the PM

Advice on leading for innovation, threats to democracy, gangs, and more.

Pattrick Smellie 28 Nov 2025
RBNZ officials not against more transparency, just cautious
Economy

RBNZ officials not against more transparency, just cautious

The key is that any changes add value, says Assistant Governor Karen Silk.

Rebecca Howard 28 Nov 2025
‘Looking up’: Recovery taking hold as business confidence hits 11-year high
Economy

‘Looking up’: Recovery taking hold as business confidence hits 11-year high

Business confidence jumped another nine points from 58 to 67 in November, the highest level in 11 years, the ANZ Business Outlook survey for November shows.“Things are looking up!” said ANZ chief economist Sharon Zollner.“Out of a hole, admittedly,” she added.When interpreting qu...

Staff reporters 27 Nov 2025
Rodger Finlay new RBNZ chair, Rhiannon McKinnon to board
Economy

Rodger Finlay new RBNZ chair, Rhiannon McKinnon to board

Finlay is expected to deliver increased accountability and transparency.

Rebecca Howard 27 Nov 2025