Steel & Tube said Fletcher has under-valued its business.

Fletcher Building may have to consider upping its offer for Steel & Tube.

Taylor: Takeover "compelling value", Fletcher boss argues.

Steel and Tube has received a takeover bid from Fletcher Building at $1.70 a share.

Company pleads guilty to misleading over steel mesh.

Z Energy, A2 Milk and Metro Glass shares also make gains.

Steel & Tube Holdings chief executive Dave Taylor has resigned.

Steel & Tube posted a drop in annual profit.

Steel & Tube has issued a profit warning after a challenging second half.

Steel & Tube Holdings was hurt by a decline in non-residential construction, but expects things to pick up in the second half.

Services will be held in Wellington and Auckland today to pay tribute to former Steel & Tube Holdings Ltd boss Nick Calavrias.

Professional director Susan Paterson will join the Steel & Tube Holdings board next month and succeed chairman John Anderson.

Steel & Tube Holdings boss Dave Taylor says a "dramatic upswing" in coking coal prices and higher iron ore prices meant there needs to be a hike in domestic steel prices.

NZ's benchmark share index is getting a shake-up, with fruit exporter Scales Corporation and cinema software developer Vista Group to join benchmark.

Steel & Tube posted a 9.3 per cent decline in full-year underlying profit as it faced increased costs and rivalry.

New Zealand shares dipped for a second day in a row yesterday, led lower by A2 Milk Co and Steel & Tube Holdings while Fletcher Building rose on construction expectations.

Shares in Steel & Tube Holdings have fallen to their lowest level since the aftermath of the September 11 attacks.

The Commerce Commission says it's looking into claims that Steel & Tube may have breached the Fair Trading Act by selling steel mesh with the wrong labels.