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1. “ Evidence before the Commission indicates that the steel producers engaged in concerted practices or had understandings that Highveld would follow ArcelorMittal's lead on the pricing mechanism and changes in pricing, including discounts and transport tariffs. ”
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ArcelorMittal SA faces R3bn collusion fine

Home - BusinessDay (Apr 2 2012) Procurement Ethics , Metals & Minerals
1. AFRICA’S largest steelmaker, ArcelorMittal SA could face a fine of more than R3bn for price fixing, the Competition Commission said on Monday.The Competition Commission has asked the Competition Tribunal to penalise ArcelorMittal and smaller competitor Evraz Highveld Steel and Vanadium up to 10% of their annual turnover for collusion.
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