Steel & Tube result reflects end of marketplace ‘super cycle’
Like competitor Vulcan, revenues hit record highs while earnings soften as macro-economic measures take effect.
Steel & Tube CEO Mark Malpass speaks with Dita De Boni
The country’s two major steel manufacturers have this week reported first-half results reflecting a six-month period in which a ‘super cycle’ of scarce and highly-priced steel has been brought down to earth by macro-economic forces.
Yesterday, Vulcan Steel’s half-year result showed higher
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