Hi all. I published an additional column this morning on my Substack, Just the Business, looking at Steel & Tube's latest acquisition with the headline: Steel & Tube's trucking purchase is all about “the last mile”
You can find it here: https://substack.com/@justthebusinessjennyruth
From Stats Nz - In the March 2024 quarter, the actual volume of ready-mixed concrete produced was down 12 percent compared with the March 2023 quarter…….been double decline for 4 quarters in a row now
Market remains subdued and challenging in STUspeak
Mark said last update there will be some easing of macro trends supporting increased activity from Q4 FY24….(that being this June Qtr )
Doubt whether that’s going to happen
Note: OK steel often goes where concrete doesn’t but there’s a strong correlation between ST sales and concrete production ….and STU often quote quote such economic indicators
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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Originally Posted by X-men
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