22
Nov
08:34
Philippine authorities hit Macsteel with fine
The Philippine Competition Commission has approved Macsteel Global’s consolidation of control over Macsteel International Holdings but also fined the company for not notifying the commission of the deal within the required period. Macsteel Global bought 50% of Macsteel International previously controlled by an Arcelormittal subsidairy, Kallanish notes.
The commission said the purchase of 50% of Macsteel International from MSSA Investments would not substan…
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Very good overview of the weekly steel market.
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