FIRM STEEL PRICES
AUSTRALIAN SUPPLIES BUILDING ROUNDS DOWN (Pur Press Association.) AUCKLAND, this day. A further reduction in retail indent prices for builders' reinforcing steel rounds from Australia of about 10s a ton, representing a drop of approximately 20s since October, is announcceci by wholesale distributors.
Instead of Australian steel being quoted at "prices ruling at the date oi shipment.” Australian suppliers are now quoting firm prices for Australian steel. Deliveries had been verv protracted, the period being about 32 weeks for reinforcing rounds. The period for rounds has now been reduced Horn eight to 10 weeks for some classes of sled. Production 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 duo for the Tasman service.
Until recently certain classes of steel were imported from Canada, because of protracted deliveries from Australia, but now that the position from Australia has eased materially, the Canadian business has tailed off.
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Bibliographic details
Poverty Bay Herald, Volume LXV, Issue 19803, 3 December 1938, Page 18
Word Count
165FIRM STEEL PRICES Poverty Bay Herald, Volume LXV, Issue 19803, 3 December 1938, Page 18
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