Germany Fines 3 Steelmakers 646 Million Euros For Price Fixing
Muhammad Irfan Published December 12, 2019 | 07:01 PM
Germany's antitrust watchdog on Thursday said it had issued a 646-million euro ($720 million) fine against three steel manufacturers and three individuals for fixing prices for plate steel
Between 2002 and 2016, Germany's Thyssenkrupp Steel Europe, Salzgitter-owned Ilsenburger Grobblech and Austria's Voestalpine Grobblech "agreed on the most important price supplements and surcharges for specific quarto plates in Germany", said Andreas Mundt, president of Germany's Federal Cartel Office.
The companies have admitted to the accusations and accepted a settlement, he added.
Recent Stories
PM vows to work for country along with students
US ambassador meets Senate Chairman, discusses bilateral ties
UHS to issue MBBS degrees within three months after final result
Aiman Khan granted UAE Golden Visa
PSX achieves significant milestone, surpasses 72,000 mark
Pak Vs NZ T20I: Orphaned children extended special invitation to watch match
Finance Minister lauds UNDP’s unwavering support during floods
President Raisi leaves for Iran from Karachi
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 24 April 2024
Today Gold Rate in Pakistan 24 April 2024
Punjab CM inaugurates Pakistan’s first Virtual Women Police Station
Dutch model Donny Roelvink embraces Islam
More Stories From Business
-
RTO Peshawar makes historic seizure of illegal cigarettes worth Rs 162.6 mln
4 minutes ago -
LCCI for deferment of SROs hurting businesses
4 minutes ago -
Three schemes approved
14 minutes ago -
PCJCCI keen to boost Peach industry in Swat
24 minutes ago -
IPO to celebrate World Intellectual Property day on 26th April
34 minutes ago -
Iranian president's visit to help ensure mutual prosperity: state minister
1 hour ago
-
Soyabean, palm oil imports grew 53.07%, 28.55% in 09 months
1 hour ago -
Gold rates up by Rs.1,100 per tola to Rs.242,000
2 hours ago -
Shipping activity at Port Qasim
3 hours ago -
PSX achieves significant milestone, surpasses 72,000 mark
3 hours ago -
KP to adopt fixed ST on services for lawyers, customs agent
3 hours ago -
KPT shipping movements report
4 hours ago