Vulcan Steel looks forward to better times

Vulcan Steel fabricators and manufacturers are based in East Tamaki, Auckland. (Image: NZME)

Fri, 01 Nov 2024

Vulcan Steel says it is in pole position to ride an economic upswing after a challenging business environment.The company – listed on the NZX and Australian Securities Exchange (ASX) – held its annual shareholders' meeting in Auckland on Friday.Board chair Russell Chenu said Vulcan was facing ongoing economic headwinds in all its major market segments in Australia and NZ. High interest rates and inflation meant lower business and consumer confidence in both countries.Reported net profit after tax (Npat) was $40 million in t...

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