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Steelmakers fined $720 million for price rigging

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ThyssenKrupp

Germany’s Federal Cartel Office has fined three steel manufacturers and three individuals €646 million ($720 million) for steel plate price fixing between 2002 and 2016, Saudi Gazette reported citing AFP. Austria-based Voestalpine Grobblech GmbH and Germany-based Ilsenburger Grobblech GmbH and ThyssenKrupp Steel Europe AG have accepted their involvement in fixing the prices of hot-rolled flat steel Quarto plates

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