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27 Apr
16:34

Russian anti-trust service opens probe into three mills

Russia's federal anti-monopoly service FAS has initiated an anti-trust investigation of three Russian major steel producers - Severstal, MMK and NLMK. According to FAS, the companies established and maintained disproportionately high prices for hot rolled flat products, Kallanish learns from the service. The probe, just like the one FAS initiated last week into traders, follows complaints of unfounded price growth. Upon preliminary investigation, FAS conc…
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