AUSTRALIAN STEEL
REDUCTION IN PRICE
(By Telegraph—Press Association.)
AUCKLAND, December 2.
A further reduction in retail indent prices for builders' reinforcing steel rounds from Australia of about 10s a ton, representing a drop of approximately 20s since October, is announced by wholesale distributors. Instead of Australian steel being quoted at "prices ruling at date of shipment," Australian suppliers are now quoting firm prices. Australian steel deliveries had been very protracted, the period being about 32 weeks for reinforcing rounds, but the period for rounds has now been reduced to eight to ten weeks, and for some classes of steel production is being effected within 14 days of receipt of orders. Any shipping delays are expected to be overcome next year when new vessels are due for the Tasman service. Till recently certain classes of steel were imported from Canada because of the protracted deliveries from Australia, but now that the position from Australia has eased materially, Canadian business has tailed off.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19381203.2.148
Bibliographic details
Evening Post, Volume CXXVI, Issue 134, 3 December 1938, Page 15
Word Count
161AUSTRALIAN STEEL Evening Post, Volume CXXVI, Issue 134, 3 December 1938, Page 15
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in