11
Feb
17:44
Russian flats market giants reject FAS cartel decision
The three whales of the Russian flat steel product market – Severstal, MMK and NLMK – have been found by national competition authority FAS to have acted unlawfully in establishing and maintaining high prices in the domestic market since January 2021.
Contrary to the companies' statements, the commission has concluded in its review that the price growth was not entirely attributable to market conditions. It is now preparing individual fine cal…
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Anonymous
Very good overview of the weekly steel market.
Anonymous