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| Name | Symbol | Market | Type |
|---|---|---|---|
| Arcelor Mittal (PK) | USOTC:AMSIY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.1305 | 0.13 | 0.245 | 0.00 | 01:00:00 |
From May 2019 to May 2024
ArcelorMittal South Africa Ltd. (ACL.JO) could face a fine relating to a collusion case investigated by the country's competition authorities accusing the steelmaker and two others of fixing local prices.
South Africa's Competition Commission said Monday that it has asked the Competition Tribunal to impose a penalty of 10% of annual turnover on each of the steel producers included in the investigation--ArcelorMittal South Africa and smaller producers Highveld Steel and Vanadium Corporation Ltd.
The commission said an investigation initiated following a complaint in 2008 yielded evidence that "indicates that the steel producers engaged in concerted practices or had understandings that Highveld would follow Mittal's lead on the pricing mechanism and changes in pricing, including discounts and transport tariffs."
The Tribunal will decide if wrongdoing has taken place.
-By Devon Maylie, Dow Jones Newswires, +27 11 783 7848; devon.maylie@dowjones.com
1 Year Arcelor Mittal (PK) Chart |
1 Month Arcelor Mittal (PK) Chart |
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