2 September 2016
To our valued customers
I want to reassure you that we are totally confident in our products.
This is particularly in response to an Auckland law firm inviting registrations of interest for a class action targeting the makers of seismic steel mesh and seeking publicity around it.
The law firm has been reported as saying that unnamed insurers in London have said the use of Grade 500E reinforcing mesh that didn’t meet earthquake standards could compromise house insurance.
We note comment issued in a statement yesterday by Tim Grafton, Chief Executive Insurance Council of New Zealand that says, “People with home and contents insurance in houses built with steel slabs using sub-standard steel mesh in the last four years should not be unduly concerned about their insurance coverage.”
Steel & Tube would like to reassure customers and home owners that our steel mesh products are fully compliant with New Zealand standards. We categorically stand behind our products, our in-house and independent testing programme and our processes, as we always have.
Steel & Tube Holdings Ltd