South Africa: 'Super Dominant' Mittal Ripped Off Steel Users

Johannesburg — THE Competition Tribunal in a damning report yesterday found that Mittal Steel SA had abused its dominant market position and was charging excessive prices for flat steel products, to the detriment of its customers.

The ruling could have sweeping implications for the broader market, with the tribunal mooting structural changes designed to change the prevailing pricing system of the steel market.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.