Wake Up Call: Dairy price celebration, high steel prices

Wed, 07 Apr 2021

Summary Soaring steel prices are causing a headache for builders, while good dairy prices are cause for celebration for New Zealand's dairy farmers. Meanwhile, Barfoot & Thompson's March update out today is expected to show a continuing slowdown in sales.Steel prices rise Steel prices are reaching record levels, as global demand drives the price of iron ore to jump by 72% since November 2019 to its current level of about US$200 a tonne. This is causing knock-on price rises for building materials in New Zealand, with global...

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