Vulcan Steel share price dips despite record year

The Vulcan Steel Ltd (ASX: VSL) share price is 1% in the red despite the company boasting a “record performance” in FY22, according to its full-year results announcement today.

Vulcan is an Australasian steel and metal products distributor and processor. It was dual-listed on the ASX and New Zealand’s Exchange (NZX) in November last year.

The Vulcan Steel share price opened Wednesday’s session at $8.40 — a 1.95% increase from yesterday’s closing price of $8.24. Over the day, the shares have deteriorated to as low as $8.01.

At the time of writing, the shares have regained some ground and are swapping hands for $8.17. By comparison, the S&P/ASX All Ordinaries Index (ASX: XAO) is up 0.56% for the day so far.