Steel & Tube's record $1.9m fine for misleading over steel mesh
The Press, Anuja Nadkarni, Oct 24 2018
Steel & Tube has been fined a record $1.885 million for false claims about its earthquake-grade steel mesh.
The record fine was handed down to the company on Wednesday for breaching the Fair Trading Act, by making false and misleading representations about its steel mesh products used in construction to provide strength and stability in the event of an earthquake.
The Commerce Commission laid the charges against Steel & Tube in 2016.
Related information: Steel Mesh – Proposed class action