21
Nov
15:08
German authorities fine carmakers for steel price fixing
The German cartel office has imposed fines totalling around €100 million ($111m) on BMW, VW and Daimler for anticompetitive practices in the purchase of long steel products, Kallanish learns from the office.
Between 2004 and the end of 2013 representatives of BMW, Daimler and Volkswagen regularly met twice a year with steel manufacturers, forging companies and large systems suppliers. Here they exchanged information on uniform scrap and alloy surcharges for…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous