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Hawke’s Bay
Steel & Tube said this morning economic headwinds starting in the 2HY 2023 had spilt over into the 2023/24 financial year, with a reduction in business spending, and projects and investments being put on hold, and a lower demand for steel. Volumes reduced 21% in the year to June 30, revenue dropped
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Tough year for Steel & Tube as profit plunges almost 85%
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