[SMM Stainless Steel Flash] New Zealand's Steel & Tube Announces October Price Hike for Stainless Steel and Aluminum

Published: Sep 18, 2026 10:04

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New Zealand steel products distributor Steel & Tube will raise prices effective October 1, 2026, citing persistent global cost pressures. Stainless steel products will increase by 3–9% and aluminum ranges by 5–12%, driven by elevated freight costs, constrained production, and rising raw material prices, specifically nickel, chromium, and aluminum. Orders confirmed and scheduled for delivery before October 1 will retain current pricing.

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