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Vulcan Steel Ltd. ( (AU:VSL) ) has issued an update.
New Zealand Superannuation Fund Nominees, acting for the New Zealand Superannuation Fund, has reduced its holding in Vulcan Steel below the substantial shareholder threshold. Its stake fell from 5.650% to 4.917% of Vulcan Steel’s 146,529,960 ordinary shares, signalling a moderation of the sovereign fund’s exposure to the stock.
Between 14 January and 24 March 2026, the fund bought 19,465 Vulcan Steel shares on-market for about $150,612 and sold 1,094,347 shares for roughly $7.95 million. The net selling has shifted the fund from a substantial to a non-substantial holder, a change that may influence perceptions of institutional support and liquidity in Vulcan Steel’s register.
The most recent analyst rating on (AU:VSL) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on Vulcan Steel Ltd. stock, see the AU:VSL Stock Forecast page.
More about Vulcan Steel Ltd.
Vulcan Steel Ltd. is a listed company on the NZX with ordinary shares trading under ISIN AU0000181984. It operates in the steel sector, supplying steel products to industrial and commercial customers across its markets.
Average Trading Volume: 55,356
Technical Sentiment Signal: Sell
Current Market Cap: A$808.8M
For an in-depth examination of VSL stock, go to TipRanks’ Overview page.