--- title: Procurement Update Nov 2025 description: Steel & Tube Procurement Update November 2025 image: https://promos.steelandtube.co.nz/hubfs/2025%20Procurement%20Update%20-%20November/Procurement%20Update_Nov%202025_Hubspot%20Blog%20header_1921x636_v1.jpg --- [![S&T-Logo-Square-Red](https://promos.steelandtube.co.nz/hubfs/S%26T-Logo-Square-Red.jpg "S&T-Logo-Square-Red")](https://steelandtube.co.nz/) - [PRODUCTS](https://steelandtube.co.nz/products) - [CATALOGUES](https://steelandtube.co.nz/catalogues) - [SPECIFIERS](https://steelandtube.co.nz/specifiers) - [ABOUT US](https://steelandtube.co.nz/about-us-0) - [About Us](https://steelandtube.co.nz/about-us) - [– History](https://steelandtube.co.nz/corporate/history) - [– Supporting Our Communities](https://steelandtube.co.nz/supporting-our-communities) - [– Work at Steel & Tube](https://steelandtube.co.nz/corporate/employment) - [Management & Governance](https://steelandtube.co.nz/corporate/governance-1) - [– Board of Directors](https://steelandtube.co.nz/corporate/board) - 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[Strategic Collaborations (1)](https://promos.steelandtube.co.nz/tag/strategic-collaborations) - [Featured (73)](https://promos.steelandtube.co.nz/tag/featured) - [Company News (56)](https://promos.steelandtube.co.nz/tag/company-news) - [Case Studies (24)](https://promos.steelandtube.co.nz/tag/case-studies) - [Our People (24)](https://promos.steelandtube.co.nz/tag/our-people) - [News (17)](https://promos.steelandtube.co.nz/tag/news) - [Community Initiatives (6)](https://promos.steelandtube.co.nz/tag/community-initiatives) - [Sustainability (6)](https://promos.steelandtube.co.nz/tag/sustainability) - [Events (5)](https://promos.steelandtube.co.nz/tag/events) - [Promotions (4)](https://promos.steelandtube.co.nz/tag/promotions) - [Heritage Series (1)](https://promos.steelandtube.co.nz/tag/heritage-series) - [Strategic Collaborations (1)](https://promos.steelandtube.co.nz/tag/strategic-collaborations) - Company News - Featured - - - Written by Andre Tjaberings on November 14, 2025 As 2025 draws to a close, Steel & Tube is pleased to release our latest Procurement Update, providing insight into current cost drivers and the global steel market outlook as we move toward 2026. This edition highlights how global feedstock, freight, and currency dynamics are converging to form a cost floor across major metal categories — with multiple indicators pointing to at least a 5% increase through 2026. We explore developments in iron ore, nickel, aluminium, zinc, and freight, along with local construction and exchange-rate trends shaping procurement conditions for next year. ![Steel & Tube Procurement Update November 2025\_v2 cover](https://promos.steelandtube.co.nz/hs-fs/hubfs/2025%20Procurement%20Update%20-%20November/Steel%20%26%20Tube%20Procurement%20Update%20November%202025_v2%20cover.jpg?width=200&height=283&name=Steel%20%26%20Tube%20Procurement%20Update%20November%202025_v2%20cover.jpg) [![Read Now](https://no-cache.hubspot.com/cta/default/6712168/interactive-199471696012.png)](https://promos.steelandtube.co.nz/hs/cta/wi/redirect?encryptedPayload=AVxigLLkw%2FZEQsfbmqSwIXIWWH4Ggd6%2FbuO7Zwx1xA%2BhZbOsjsOo2IvMYWtboCbqvUFvFZXvhknfI4mb5kwcHPwpVOxlJpt1DDkrJbOGYFZQxDvDrcQwn7T34npNqj9RklosojLhur8vZF6mU7Gz4%2Fdia9c78Y%2BHaJVZyXHGtOQs2apioCDT2FIyD82cTfmZd0kfutV4zwv%2Fg0L4mwLUywRjKELvyET8mzcUTllLqaSlXIr6QGpDCX2%2B03C0GXMvhSupxeEHjoQsra1941tkZw8P6ob2UTN5RK1tsA3MZww%2FWPf29g9Q0aVBGXv7EOk%3D&webInteractiveContentId=199471696012&portalId=6712168) ### Let Us Know What You Thought about this Post. 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