Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Steel & Tube Applies For Clearance

Steel & Tube Applies For Clearance To Acquire Fletcher Steel

The Commerce Commission today received an application from Steel & Tube Holdings Limited to acquire Fletcher Steel Limited.

The Commission's Commerce Act Manager, Geoff Thorn, said that the Commission had recently cleared an application from Fletcher Steel to acquire Steel & Tube.

In the decision made last month, the Commission concluded that, should that proposal go ahead, Fletcher Steel would not acquire or strengthen dominance in any of the six relevant national steel markets.

Mr Thorn said that the Commission will use the information it gathered in making its decision on Fletcher Steel's proposal. The Commission will also examine any new issues raised by the Steel & Tube application.

The Commerce Act prohibits business acquisitions that result in dominance being acquired or strengthened in any market.

The Commission has 10 working days in which to make its decision but the Act allows for extensions of time if necessary. Working day 10 will be April 23.

Public copies of Steel & Tube's application are available from reception at the Commission's Wellington office, level 7 Landcorp House, 101 Lambton Quay.

Copies of the Commission's decision on Fletcher Steel's proposal, decision number 421, are available from its website,, in the adjudication folder and in hard copy from its Wellington office.


The Commission concluded that the relevant markets for Fletcher Steel's proposal were the national markets for the:

* distribution of merchant steel products * distribution and fabrication of reinforcing steel * distribution and processing of steel plate products * distribution and processing of steel coil products * manufacture and distribution of domestic roofing products, and * manufacture and distribution of industrial roofing products.

Media contact: Commerce Act Manager Geoff Thorn Phone work (04) 498 0958, cellphone 021 661 104

Senior Advisor Communications Vincent Cholewa Phone work (04) 498 0920, home (04) 477 0039

Commission media releases can be viewed on its web site

© Scoop Media

Business Headlines | Sci-Tech Headlines


Manawatu-Whanganui Projects: PGF Top-Up To Rural Broadband Roll-Out

The government has effectively raided the $3 billion Provincial Growth Fund to top up the budget for the second phase of its rural broadband initiative, filling in mobile 'black spots' and ensuring broadband is available to marae that don't have access now. More>>


Other Windy Cities: Auckland-Chicago Named A Top 10 ‘Most Exciting’ New Route

The inclusion of Auckland-Chicago on Lonely Planet’s Where to fly in 2019? The 10 most exciting new flight routes list comes just two weeks before Air New Zealand prepares to celebrate its inaugural flight to Chicago’s O’Hare International Airport on 30 November. More>>

Deadly Strain: ESR Ups Its Reporting On Meningococcal Disease

The increasing number of cases of Group W Meningococcal disease (MenW) has prompted ESR to increase its reporting on the disease to the Ministry of Health. ESR has upped its reporting to weekly. More>>


Very Small Things: "Game-Changing" 3D Printing Technology Launched

New Zealand microfabrication researchers Andrea Bubendorfer and Andrew Best, the co-inventors of a new way of fabricating very small things with Laminated Resin Printing (LRP), are part of Callaghan Innovation’s MicroMaker3D team launching the new patent pending technology in the US this week. More>>