Steel & Tube and Michael Hill navigate economic headwinds as recovery approaches

Market conditions remain challenging. (Image: NZME)

Thu, 23 Oct 2025

Market conditions remain challenging, but Steel & Tube is expecting improved economic activity over the next 12 to 18 months.“While there is some uplift emerging, we expect headwinds to remain until early 2026, at which time we would hope to see some easing as the benefits of lower interest rates take effect and stimulate confidence, spending and investment,” chief executive Mark Malpass said in speech notes for the Annual Shareholders’ Meeting on Wednesday.“Market conditions remain challenging – slower in...

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