Vulcan shows nerves of steel as profit tanks

Vulcan shows nerves of steel as profit tanks
Vulcan Steel's profit has declined by 55%. (Image: NZME)
Victoria Young
Dual-listed metals firm Vulcan Steel has posted a better-than-expected result driven by cost containment.Like Steel & Tube, which reported yesterday, Vulcan Steel has suffered lower volumes because of a slowdown in the market.Global steel prices have declined 4% in the 12 months to June 30, compared with the year prior.Vulcan reported revenue at $1.06 billion, 15% down from $1.25b in the prior 12-month period. The company said this was because of lower volume and average selling prices compared with the previous year.Net profit after t...

More Infrastructure

Northland targets $60b regional economy by 2050
Primary Sector

Northland targets $60b regional economy by 2050

The bullish goal represents a six-fold increase over 2024 figures.

Oliver Lewis 24 Jul 2025
Fast-track legal fight over Tauranga wharf extension
Policy

Fast-track legal fight over Tauranga wharf extension

Bay of Plenty hapū seek High Court intervention to stop expert panel being set up.

Oliver Lewis 23 Jul 2025
KiwiRail submits Marsden Point rail spur business case
Infrastructure

KiwiRail submits Marsden Point rail spur business case

Winston Peters says the 19km line to Northport is 'going to happen'.

Oliver Lewis 21 Jul 2025
Contractor costs climb as Scott Base spend tops $143m
Policy

Contractor costs climb as Scott Base spend tops $143m

Antarctica NZ spent $9.3m on contractors in five months this year.

Oliver Lewis 21 Jul 2025