A PYMNTS Company

Spain: CNMC detects possible cartel in scrap metal sector

By  |  December 3, 2018

The purchase of scrap metal for the production of steel is being investigated by Spain’s National Commission for Markets and Competition (CNMC) over the possible existence of collusion agreements between companies seeking to set the purchase prices for steel suppliers.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The CNMC carried out various raids at the headquarters of several companies that operate in this sector. The visits, conducted between November 27 and 29, mark the start of the investigation process for anti-competitive behavior, without implying guilt for any of the companies involved.

    The investigation of cartels is one of the priorities for the National Competition body. The CNMC has already uncovered several cases of ‘coordination’ between competing companies in various sectors, including diapers, used batteries, photographic services or computer services to the government.

    Full Content: El Periódico
    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.