Steel and Tube expects 1H earnings to marginally improve on reviving economy

Wed, 13 Nov 2013

By Tina Morrison Nov. 13 (BusinessDesk) – Steel & Tube Holdings, the steel building products firm, expects first half earnings to be “marginally ahead” of the same period a year earlier as it benefits from price rises in an improving economy. “The start to the new financial year has seen volumes steadily improve but pricing remaining soft,” chief executive Dave Taylor said in notes for delivery at today’s annual meeting in Wellington. “An October 1 price increase on several distribution products is improving margins, and we expect the first...

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