ArcelorMittal to Pay South Africa’s Biggest Antitrust Fine

Updated on
  • Antitrust body caps AMSA’s Ebit margin on long-steel products
  • Payments will start in 2017; no interest levied for 18 months

ArcelorMittal South Africa Ltd. will pay a record penalty for anti-competitive behavior in the country after admitting to being involved in cartels in long steel and scrap metal.

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