Flow Dynamic Text Test

Written by Andre Tjaberings
on May 25, 2022

25 May 2022


Dear Valued Customer,
We have recently been advised of price increases from a number of major suppliers including New Zealand Steel and Pacific Steel. In addition, the NZ dollar has weakened against the US Dollar over the last 6-8 weeks increasing steel and international shipping costs in NZ dollar terms.
Whilst we continue to work closely with our suppliers to mitigate impacts, we will now need to lift prices by the following approximate amounts;
Effective 1 June 2022

  • Purlin Products 21% 

Effective 1 July 2022

  • Narrow Heavy plate 10%            
  • Narrow Light plate 5%                
  • Wide plate 14%                            
  • Sheet & Coil 8%        
  • Pipe & Hollows 5%                       
  • Reinforcing Bar 6%                       
  • Reinforcing Mesh 7%  
  • Selected palletised products and local freight 4-8%      
  • Bayonet underlay, mesh and netting 8-10%
  • Axxis Steel Framing 11%
  • ComFlor 21%

Effective 15 August 2022

  • Colorsteel Roofing Profiles (including Matte) + flashings, ridge, gutter 10%
  • Zincalume & Galvanised Roofing Profiles 8%
  • Altimate Roofing Profiles 25%
  • Dridex Roofing Profiles 13%

We acknowledge the volatile and inflationary steel pricing environment and trust the early notice and transparency is helpful in your business. Further useful information on the market dynamics driving the steel industry pricing can be read in our “Procurement Update” which will be updated early in 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. Thankyou for your ongoing custom.
Mo Afroz
General Manager – Rollforming
Marc Hainen
General Manager – Distribution

Let Us Know What You Thought about this Post.

Put your Comment Below.

You may also like:

Company News Featured Our People Heritage Series News

The Steel & Tube story: 70 successful years

With Steel & Tube celebrating 70 years in New Zealand industry, we look back on the fascinating beginnings of our co...

Company News Community Initiatives Featured

Ngāti Māhanga Clear the Way for Steel & Tube's New Purpose-built Whare

On Monday 12 February, Steel & Tube officially kickstarted the move into our brand new, customer-centric facility wi...

Company News Community Initiatives Our People

Steel & Tube’s full Announcement and Interim Report

Today we released our interim results for six months ended 31 December 2023. Our team has continued to work hard in a ch...