Steel & Tube’s earnings plunge amid tough trading conditions
The company’s trading update says margin pressure has intensified.
Steel & Tube is focused on emerging from this cycle a stronger business.
NZX-listed Steel & Tube’s earnings have slumped to start the new financial year, as weak economic conditions has seen demand hit “recent lows”.
In a trading update released this morning, the distributor and processor of metal products reported a normalised earnings before interest and tax
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