The government of Argentine president Mauricio Macri has announced it has reached an agreement to lower by 14% the reference price for aluminum bars, helping to reduce costs for public and private construction projects. The pact was struck with Aluar, the country’s dominant aluminum producer, in exchange for a change in the implementation of tariffs for energy-intensive industries (to be introduced gradually until the Energy market is fully de-regulated as planned.)
The Government announced it will call for a similar agreement with the country’s steelmakers, as well as with various players in the petrochemical sector in order to lower the prices of plastics and other essential resources for construction.
The agreement, signed last week, would see Aluar reducing the price of aluminum bars by 14%, bringing this closer to the price of imported aluminum. The reduction will not only have direct impact on the costs of construction, but is also expected to ripple through other industries such as the car industry, railroad construction, auto-parts, bicycle and railing, among others. The price drop will be monitored by the CNDC, the competition regulation, as well as the National Commission for Foreign Trade.
Full Content: Cronista
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI