Flow Dynamic Text Test

Written by Steel & Tube
on July 08, 2021

International pricing has continued to escalate. Since our last communication most categories have had further increases.  This has been compounded by continued high shipping and logistics costs as well as more recently the removal of a Chinese export rebate of 13%.

Our focus has been to work closely with our suppliers to minimise impacts and as New Zealand’s largest steel distributor we are well positioned to leverage this scale.

Unfortunately, with elevated costs for raw materials and freight we will now need to lift prices by the following amounts (approximate):

Effective 1 July 2021

  • Structural Sections + 10%

  • Plate + 15%

  • Coil & Sheet + 10 to 15%

  • Stainless Steel + 10%

  • Engineering Steels + 5 to 10 %

  • Fasteners + 8%

Selected other products (primarily palletised products such as fittings, valves, chain & rigging, imported rural products etc) +5 to 15% and selected regional freight/courier charges.

Effective 1 August 2021

  • Pipe, RHS, and SHS + 7 to 9%

  • Line Pipe +13%

  • Merchant bar + 8%

Effective 5 September 2021

  • Colorsteel products + 6%
  • Zincalume + 6%
  • Galvanised +6%
  • ComFlor +6%
  • Coil & Sheet +10 to 15%
  • Purlins + 6%
  • Fasteners +8%
  • All Accessories (paper, netting, etc) +3%
  • Selected other products and selected regional freight/courier charges +5 to 15%

Further useful information on the market dynamics driving the steel pricing can be read in the Procurement Update which will be updated on the 7th of June and can be found on www.steelandtube.co.nz.

If you have any queries, please contact your Account Manager or our Customer Experience Centre. We trust that the advance notice together with guidance at a category level is helpful and thank you for your ongoing custom.

Yours Sincerely,

Marc Hainen, GM Distribution

Mohammed Afroz, GM Rollforming

Let Us Know What You Thought about this Post.

Put your Comment Below.

You may also like:

Company News

Steel & Tube Welcomes Our New Digital Marketing Specialist

Steel & Tube marketing team is pleased to announce the appointment of Charlotte Ashmore as Digital Marketing Specialist.

Company News Featured

Steel & Tube Secures Major Wind Farm Contract

Steel & Tube is pleased to have secured a significant contract to supply reinforcing steel to the Harapaki wind farm pro...

Company News Promotions Featured

Steel & Tube Welcomes Group Sustainability Manager

Steel & Tube is pleased to announce the appointment of Trent Brash as Group Sustainability Manager. The company is commi...