REINFORCED STEEL ROUNDS
REDUCTION IN AUSTRALIAN PRICES ANNOUNCED (United Press Association) AUCKLAND, December 2. A further reduction in retail indent prices for builders’ reinforced steel rounds from Australia of about 10/- a ton representing a drop of approximately £1 since October is announced by the wholesale distributors. Instead of Australian steel being quoted at “prices ruling at the date of shipment,’ the Australian suppliers are now quoting firm prices. Australian steel deliveries had been very protracted, the period being about 32 weeks for reinforcing rounds. .ae period for rounds has now been reduced to eight to 10 weeks for some classes of steel. 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 due 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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Southland Times, Issue 23682, 3 December 1938, Page 6
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166REINFORCED STEEL ROUNDS Southland Times, Issue 23682, 3 December 1938, Page 6
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