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General Business
4 mins to read
6

Steel order book down 40%, as residential market ‘disappears’

Industry cites a non-existent pipeline and imported product as among key issues, and pins hopes on more spending and interest cuts next year.

Brent Melville Tue, 02 Jul 2024

Steel fabricators, facing paper thin order books for the remainder of this year, are bracing themselves to hold out until 2025.

That's as top tier players, including Auckland’s D&H Steel Construction and Grayson Engineering, say orders are already down as much as between 40% and 50%

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Brent Melville Tue, 02 Jul 2024
Contact the Writer: bmelville@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Darren O'Riley Wayne Carson MBIE< NZ Steel David Moore
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