AUSTRALIAN STEEL
SUPPLIES FOR N.Z. NOW COMING FASTER. [Per Press Association.] AUCKLAND, December 2. A further reduction in the retail indent prices for fttiilders reinforcing steel rounds from Australia of about. 10s per ton, representing a drop of approximately 20s since October, is announced by the Wholesale' distributors. Instead -of Austra-
lian steel being quoted at “prices ruling at date/ of shiplHept,*’ Australian suppliers arp now quoting firm prices. Australian steel deliveries had been very protracted, the period' being about 32 weeks for reinforcing rounds. The period for rounds has now been reduced, tn /from eight to 10 weeks. For some classes of steel procuration is being effected within 14 days of the
receipt of orders. Any shipping delays are expected to be overcome next year, when new vessels are due for the Tasman service. Until recently certain classes of steel were imported from Canada, because of the protracted deliveries from Australia, but now that the position from i Australia has eased materially, the Canadian business has tailed off. -
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Bibliographic details
Grey River Argus, 3 December 1938, Page 2
Word Count
169AUSTRALIAN STEEL Grey River Argus, 3 December 1938, Page 2
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