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25 Jan
16:21

Korean antitrust agency targets steelmakers, rollers

Six South Korean steelmakers and six rolling mills face fines in an anti-trust investigation by the Fair Trade Commission. The investigation relates to rebar sales to state projects over 2012-2016, Kallanish notes. The six steelmakers being investigated include Hyundai Steel, Dongkuk Steel Mill and Kisco. These firms, alongside YK Steel, Hwan Young Steel and Daehan were also found to have colluded to fix prices to private buyers over 2015-2016 back in 2018, when t…
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