Steel & Tube said problems from iron ore and other raw material price increases to soaring shipping and container costs are pushing its own prices higher.
Steel & Tube is planning to pay a final dividend.
Marko Bogoievski will stay on at Morrison & Co as operating partner and will remain on the boards of Vodafone NZ and Telstra InfraCo Towers.
More building material price rises are on the cards as the industry suffers from record shipping costs and labour shortages.
Infrastructure Editor
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articles by Oliver