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.
Full content: Moneyweb
Related content: Crackdown on Cartels Highlights the Need for Competition Law Compliance in South Africa (Heather Irvine, Norton Rose)
Featured News
Canadian Breadmakers Settle Price-Fixing Lawsuit
Jul 25, 2024 by
CPI
EssilorLuxottica Open to Meta as Shareholder, Says CEO Francesco Milleri
Jul 25, 2024 by
CPI
California Supreme Court Upholds Proposition 22, Securing Independent Contractor Status for Uber and Lyft Drivers
Jul 25, 2024 by
CPI
Paramount Global Investor Sues to Block Skydance Media Merger
Jul 25, 2024 by
CPI
Software Vendors Win Class Action Status in Antitrust Case Against CDK Global
Jul 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Trade & Antitrust
Jul 26, 2024 by
CPI
What is Wrong with the WTO Discipline on Subsidies?
Jul 26, 2024 by
CPI
The Abiding Tension Between Trade Remedy Law and Antitrust
Jul 26, 2024 by
CPI
Trade and Antitrust: An End to Isolationism
Jul 26, 2024 by
CPI
International Trade Law and Domestic Regulation of Generative Artificial Intelligence: Divergent Approaches?
Jul 26, 2024 by
CPI