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ArcelorMittal and Evraz Highveld Face Penalization for Price Fixing
Apr. 02, 2012 04:23PM PST
Battery Metals InvestingReuters Africa reported that the competition regulator in South Africa wants ArcelorMittal South Africa (OTC Pink:ARCXF) and Evraz Highveld Steel and Vanadium Ltd. (OTC Pink:HGVLY) to be fined for price fixing.
Reuters Africa reported that the competition regulator in South Africa wants ArcelorMittal South Africa (OTC Pink:ARCXF) and Evraz Highveld Steel and Vanadium Ltd. (OTC Pink:HGVLY) to be fined for price fixing.
As quoted in the market news:
The Competition Commission said in a statement it had asked for a fine of 10 percent of annual turnover for each company.