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.
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.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI