Vulcan Steel - 1H25 Result—Forging Ahead
Management provided a mixed but cautiously optimistic demand outlook, expecting volumes and pricing to firm gradually over the next 12 months.
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Vulcan Steel - 1H25 Preview: Cycling Through the Trough
Vulcan Steel (VSL) will report its 1H25 result on Tuesday, 11 February. We expect 1H25 EBITDA down c.-30% on the prior year
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Building Sector - NZ Consents—Smokos Nearly Over
Residential consents edged above the top end of the recent 30–35k range in August 2025 for the third time in the last two years.
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Building Sector NZ Consents—Stable
Residential consents have been remarkably stable over the past two years in the 30–35k range (seasonally adjusted, annualised), with July at the...
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Building Sector Ready-Mix Concrete—2Q Blues
FBU has started to release quarterly volume data, which include Firth ready-mix concrete volumes. Vulcan Steel (VSL) recently outlined its initial...
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