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Mittal and Highveld collusion case referred to Competition Tribunal

By  |  April 2, 2012
Mittal and Highveld collusion case referred to Competition Tribunal

The South African Competition Commission referred the ArcelorMittal and Highveld case to the Competition Tribunal on March 30. The referral follows the Commission’s investigation, which found evidence of collusion to fix prices of flat steel products, whereby Highveld would follow any changes in price initiated by Mittal. The Commission found that Mittal and Highveld may also have conspired to maintain market shares and allocate supply quotas for exports. The collusion was enforced through meetings of the South African Iron and Steel Institute, an industry association.

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