ThyssenKrupp, ArcelorMittal involved in German Cartel Office probe into flat steelmakers

The German Federal Cartel Office (FCO) is investigating seven flat steel companies based in the country – including ArcelorMittal and ThyssenKrupp – on suspicion of engaging in anti-competitive practices, Metal Bulletin understands.

Early-morning raids were made on August 22, 23 and 24 of this year at the sites of seven companies involved in the German flat steel industry, and at three private homes, a spokesman for the FCO, known as the Bundeskartellamt in German, told Metal Bulletin this week.
“The companies are suspected of having concluded anti-competitive agreements,” the spokesman said.

“A search is conducted to clarify the facts of a case and by no means implies that the companies, trade associations...

Published

Lee Allen

September 20, 2017

16:40 GMT

London