Thomsons ITM News

May 2016

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STEEL UPDATE

We have received notification from UNITED STEEL that the Commerce Commission advised tests on their seismic mesh have met the relevant standard. This is great news for the
industry, as United Steel are the largest producer of seismic mesh.
STEEL AND TUBE– RESUME SUPPLY OF SEISMIC STEEL
April 28, Steel and Tube advised they will resume supply of SE62 seismic steel based on successful external batch testing. The testing process takes time, so they can only release limited stocks as acceptable results come to hand.
EURO STEEL signed an undertaking with the Commerce Commission to resume supply based on successful independent batch testing. The testing process takes time, so they can only release limited stocks as acceptable results come to hand.

May Price Increases

Makita NZ—5%
Allegion—Up to 10%
Metalcraft—1-5%
Top Flight Stairs—10%