Showing its mettle: Vulcan sells 263,000 tonnes of steel during covid

Rhys Jones says one of the keys to Vulcan's growth is its stock-management capability. (Image: Vulcan)

Thu, 20 Oct 2022

Vulcan Steel expects to report earnings before interest, tax, depreciation and amortisation (Ebitda) of between $215 million to $235m for the financial year to June 2023.The guidance comes after a solid first quarter and a record financial year for the business, underwritten by the sale of 263,000 tonnes of steel products to more than 12,000 trans-Tasman customers.That generated Ebitda of $224.4m for the year to June 2022, up 68% from $133.4m, off revenues of $972.7m, up a third on the prior year.Chief executive Rhys Jones said one of the keys...

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