18
Jan
14:30
Severstal plans appeal after unfavourable cartel case ruling
Russian steelmaker Severstal tells Kallanish it plans to appeal to a higher authority a court order that it must pay a fine to national competition authority FAS for establishing and maintaining high prices in the domestic market since January 2021. It denies the charges.
Earlier on Thursday, the Moscow Arbitration Court recognised as legal the decision, order and fine in the amount of RUB 8.7 billion ($96.7 million) brought by FAS against Severstal, the Russ…
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Anonymous
Very good overview of the weekly steel market.
Anonymous