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09 Jan
16:44

AMSA splits price-fixing fine on "... tough trading conditions"

ArcelorMittal South Africa (AMSA) has agreed with South Africa’s competition commission to pay the instalment of its price-fixing fine due in 2017 in three separate tranches. AMSA agreed in August 2016 to pay the ZAR 1.5 billion ($121.3 million) fine over five years after admitting to fixing long product and scrap prices following investigations by the competition commission (see Kallanish 23 August 2016). The firm also agreed to limit for f…
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