NZ Steel looks to reduce commodity export grades

Fri, 04 Sep 2020

New Zealand Steel is looking to re-tool parts of its Glenbrook operation to increase production of steel plate and reduce sales of less profitable products. The company yesterday began formal consultation with its 1,400 staff on a plan to reset the operation to focus more on the domestic market and reduce sales – particularly of hot rolled coil – for export. Up to 200 jobs could be lost across the business, which also includes the Pacific Steel reinforcing and wire business in Otahuhu. “All of the attention is on Glenbrook,” E tu union...

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