10
Sep
11:13
South Korea fines rebar mills for price fixing
Six South Korean rebar suppliers have been fined for price fixing by the national Fair Trade Commission (FTC). At KRW 119.4 billion ($105.9 million), the combined fine set a new record for Korean anti-trust cases and criminal charges have been brought against five companies, Kallanish notes.
Hyundai Steel, Dongkuk Steel Mill, Kisco, YK Steel, Hwan Young Steel, and Daehan Steel were found to have colluded to limit discounts given on at least 12 occasions over May…
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Anonymous
Very good overview of the weekly steel market.
Anonymous