Steel & Tube : Price Increase Notification - May 2022
May 25, 2022 at 08:53 am IST
Share
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%
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
Attachments
Original Link
Original Document
Permalink
Disclaimer
Steel & Tube Holdings Limited published this content on 25 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2022 03:22:04 UTC.
Steel & Tube Holdings Limited is a New Zealand-based provider of steel solutions. The Company and its subsidiaries principal activities relate to the distribution and processing of steel products. The Companyâs segments include Distribution and Infrastructure. Within the Distribution business, the primary focus is on the distribution of steel products and fasteners. Within the Infrastructure business, its product is predominately steel product, which is bought and processed/ manufactured in warehouse facilities for project/contract customers. The Company distributes and manufactures steel products from nuts, bolts, nails, piping, roofing and farm fencing, to the structural steel products used in commercial construction, such as purlins, girts, joists, universal beams and seismic mesh. The Company engages in markets and projects across infrastructure, construction (commercial and residential), heavy and light engineering, energy, manufacturing, viticulture, and rural sectors.
STEEL & TUBE HOLDINGS LIMITED 
