FURTHER PRICE REDUCTION
AUSTRALIAN BUILDING STEEL DELAYS IN SHIPPING ORDERS AUCKLAND, Dec. 2. A further reduction in the retail indent prices for builders’ reinforcing steel rounds from Australia of about 10s a ton, representing a drop of approximately 20s since October, is announced by wholesale distributors. Instead of Australian steel being quotec, at “prices ruling at the date of shipment” Australian 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 eight to 10 weeks, and lor some classes of steel production is being effected within 14 days of 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 tiie protracted deliveries from Australia, but now that the position from Australia has been eased materially Canadian business has tailed off.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19381206.2.22
Bibliographic details
Wanganui Chronicle, Volume 82, Issue 288, 6 December 1938, Page 5
Word Count
165FURTHER PRICE REDUCTION Wanganui Chronicle, Volume 82, Issue 288, 6 December 1938, Page 5
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in