Vulcan Steel Limited (ASX:VSL, NZX:VSL) is a New Zealand-based distributor and value-added processor of steel and metal products across Australia and New Zealand, founded in 1995 and headquartered in Tamaki, Auckland. The company supplies a comprehensive range of materials including structural carbon steel sections, bars, columns, plates, and coils; engineering steel products such as high-performance bars and rounds; stainless steel hollows, bars, fittings, sheets, and coils; aluminum extrusions, sheets, plates, and custom profiles; as well as steel roofing and cladding products through its recent acquisition, with in-house processing services encompassing precision cut-to-length, slitting, drilling, coping, sawing, bevelling, profiling, folding, and structural steel fabrication across 69 branches serving over 7,000 customers in construction, fabrication, engineering, and manufacturing sectors. In 2025, Vulcan completed the NZ$88 million acquisition of Roofing Industries Limited, a leading New Zealand supplier of roll-formed roof and cladding products operating from 15 locations, funded by an A$87 million entitlement offer, expanding its product portfolio into building products and enhancing its North and South Island footprint as part of a disciplined growth strategy via selective acquisitions.