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Germany: Steel giant unit offices raided by authorities

By  |  March 1, 2013

Steel giant ThyssenKrupp has announced that its Steel Europe unit office in Duisburg were subject to raids by Germany’s Federal Cartel Office. The offices were reportedly searched last Thursday regarding allegations of anticompetitive agreements concerning certain steel supplies in the automotive industry. The company declined to give further details, however, other than that the company will comply fully with the investigation. A high-end executive of the company, Germany’s largest steel maker, was accused of antitrust violations last October concerning the railway-steel industry.

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