VSL – Vulcan Steel | Aussie Stock Forums

Vulcan Steel Limited (VSL) is the only Australasian‑wide, pure‑play, value‑added steel distributor and processor. Vulcan operates as a key link in the steel value chain between steel producers and end‑users.

Vulcan distributes steel products, including carbon steel, stainless steel and engineering steel to a diversified customer base including customers in engineering, manufacturing, fabricating, transport, mining and a broad range of other market segments. Vulcan also provides value‑added processing services for steel coils, steel plate, stainless steel and engineering steel. Vulcan cuts, drills, slits and shapes for fabrication, assembly or downstream processing by customers.

Vulcan was founded by Peter Wells in 1995 in Auckland, and has grown significantly over the last 26 years, both organically and through acquisitions.

Vulcan has 29 operating sites across Australia and New Zealand, which are strategically located to serve the local customer base. Vulcan had 842 employees at 30 June 2021 and served an average of 7,000 active trading accounts each month in FY21.

Vulcan generated NZ$731.5m pro forma sales and NZ$129.7m pro forma EBITDA in FY21.

It is anticipated that VSL will list on the ASX during November 2021.

 

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