STEEL REINFORCE
DELIVERY FROM AUSTRALIA, (Per Press Association— Copyright). AUCKLAND, Dec. 2. A further reduction in the retail indent prices for builders’ reinforcing steel rounds from Australia of about 10/- per-.ton, representing a drop of approximately 20/- since October, is announced bv the W holesale; distributors. Instead of Australian steel being quoted at “prices ruling at date of shipment,” suppliers are 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 to from eight to ten weeks. For some passes 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. hut. now that the position from Australia jhas eased materially, the Canadian business has tailed off.
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Hokitika Guardian, 3 December 1938, Page 2
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164STEEL REINFORCE Hokitika Guardian, 3 December 1938, Page 2
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