Steel & Tube handed record fine over mesh representations

Wed, 24 Oct 2018

By Paul McBeth Oct. 24 (BusinessDesk) - Steel & Tube Holdings has been ordered to pay a record fine for making misleading representations about steel mesh products that fell short of testing standards. Auckland District Court Judge Warren Cathcart today sentenced the company to a fine of $1.89 million on 24 charges under the Fair Trading Act after an earlier guilty plea. The charges, brought by the Commerce Commission, related to conduct spanning four years, where Steel & Tube sold about 480,000 sheets of steel mesh for $24 million from...

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