Steel & Tube hopes major projects will support second half

Steel & Tube hopes major projects will support second half
Jenny Ruth
Steel & Tube Holdings is pinning its hopes on supplying a number of major projects to help it produce a better second-half result.Those projects include the Metro Sports facility in Christchurch, the new wharf at Port of Napier, the Mangere Bridge rebuild and the City Rail Link in Auckland.The steel products distributor's underlying first-half operating profit fell nearly 42 percent, even before further goodwill write-offs and yet more restructuring costs, although both were well-flagged.The company's net loss of $37 million for the six mon...

More Infrastructure

Expressway bidder faces scrutiny amid Sydney rail allegations
Infrastructure

Expressway bidder faces scrutiny amid Sydney rail allegations

NZTA is monitoring the situation as it assesses a local bid involving Webuild.

Oliver Lewis 11 Sep 2025
Average home insurance tops $2,000
Infrastructure Risky Business

Average home insurance tops $2,000

Insurance premiums in New Zealand have increased dramatically in recent years.

Michael Neilson 11 Sep 2025
Rates capping could hit council credit ratings
Finance

Rates capping could hit council credit ratings

Treasury warns rates are ‘significantly below’ sustainable levels.

Oliver Lewis 11 Sep 2025
Transpower to spend $1.1b on Cook Strait link upgrade
Infrastructure

Transpower to spend $1.1b on Cook Strait link upgrade

Transpower plans to spend $1.1 billion on upgrading the electricity link between the North and South Islands.The state-owned power grid operator said it had applied to the Commerce Commission for approval to invest in the High Voltage Direct Current (HVDC) link.The proposal inclu...

Staff reporters 09 Sep 2025