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German federal cartel office investigating voestalpine

Steel News - Published on Wed, 13 Sep 2017

Image Source: Reuters
voestalpine AG announced that in the course of the current investigations of the German federal cartel office against steel producers, an inspection in the office of voestalpine in Linz is conducted today (12th September 2017) for the German federal cartel office. The reason for the inspection is the suspicion of anti-competitive practices in the market for heavy plates. Austrian authorities are cooperating in accordance within the European legal framework.

It added “voestalpine AG takes these allegations seriously and is supporting the authorities in their work. Further information can currently not be provided.”

Germany’s competition watchdog last week widened its investigation into suspected violations of antitrust laws in the industry, with ArcelorMittal and Salzgitter confirming searches at some of their subsidiaries.

The investigation expands a cartel office inquiry already covering makers and sellers of stainless steel, car manufacturers and suppliers, as well as firms in the forging sector.

The Austrian company is involved in another investigation by German authorities into possible fixing of alloy surcharges, which dates back to November 2015. Voestalpine was also one of four companies fined in 2012 for fixing the price of railway tracks in Germany.

Source :

Posted By : Rabi Wangkhem on Wed, 13 Sep 2017
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