Who started the steel pricing war?

Sun, 08 Sep 2019

By Jenny Ruth Sept. 9 (BusinessDesk) - Some in the steel distribution industry point the finger at Steel & Tube which in turn points the finger at Fletcher Building’s steel division, but the cold, hard fact is nobody is winning in the current price war. In what was a year of recovery, Steel & Tube downgraded guidance twice and earnings before interest and tax came in at $16 million for the 12 months ended June 30, well below its original target of $25 million. The 2018 financial year ebit was restated to $13.1 million from the $16.5 mi...

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