Contract for N.Z. Steel
PA Auckland New Zealand Steel. Ltd. has secured a further European export contract. The company has negotiated a contract worth more than $4 million to supply steel billets to a West German company, . Ferrostaal A.G., which has proposed a joint venture with New Zealand Steel to market billet and slab products from the local steelmaker’s stage one expansion.
Production of the order is planned for early next year, with shipment in March or April. New Zealand Steel said because the contract was won in the face of the fierce competition prevailing on the world steel market, it was not disclosing the price and tonnage involved.
However, both were regarded as satisfactory considering depressed demand, it said. The contract is the first to the West German company and comes after a similar order to Europe earlier this year. A New Zealand Steel spokesman said the contract brought the total value of direct export bookings for all products this financial year to more than S66M, about SI4M more than last year. The total value of direct exports in the past eight years would be more than S4()OM when expressed in 1981 dollars, he said. If exports by other local manufacturers using New Zealand Steel products were included, this figure would exceed S6OOM.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19811205.2.91.18
Bibliographic details
Press, 5 December 1981, Page 20
Word Count
214Contract for N.Z. Steel Press, 5 December 1981, Page 20
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. 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.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in