Apr 27 - Related building products companies Timber King and NZ Steel Distributor have been fined $400,950 after pleading guilty to making false and misleading representations about their steel mesh products used to strengthen buildings
Mar 20, 2018 - Restructuring at Pacific Steel and weak global demand rather than the behaviour of Chinese rivals squeezed the company's margins, says an officials' report that recommended the government reject its dumping complaints for the second time.
Dec 11, 2017 _ The Ministry of Business, Innovation and Employment says there are no grounds to impose provisional measures to protect steel products makers while it investigates claims subsidised Chinese rivals are damaging the local industry. In August, MBIE launched an investigation into steel reinforcing bar and coil (rebar) from the China after Pacific Steel NZ claimed government-subsidised rebar imports from China are causing material injury to Pacific Steel through price undercutting, price depression and price suppression. Pacific Steel is the sole producer of rebar in New Zealand and is a wholly owned subsidiary of New Zealand Steel Holdings whose parent company is ASX-listed BlueScope Steel.