The German Federal cartel office has extended the investigation on possible antitrust violations in the steel industry on the part of ArcelorMittal and Salzgitter, as well as confirm the searches in the offices of these companies. About it reports Reuters.

The investigation concerns manufacturers and sellers of stainless steel, vehicles, as well as companies in the forging of metal.

“I can confirm that the Agency has from 22 to 24 August raided seven companies engaged in flat products, as well as in three private homes,” – said the representative of the Antimonopoly authority.

“There is a suspicion in anti-competitive collusion between companies”, – he added.

ArcelorMittal, the world’s largest steel producer, confirmed the searches, noting that it is cooperating fully with the authorities.

In Salzgitter, the second-largest steel company of Germany, said some of its units were searched on 22 August.

In this case, one of the largest steel companies, German Thyssenkrupp and a major trader Kloeckner & Co said that they were not searched.

Earlier it was reported that the German automakers Volkswagen, Audi, Porsche, BMW and Daimler may be involved in cartel activities, which began in the 90-ies of XX century.




ArcelorMittal has searched in Germany on suspicion of cartel agreements 05.09.2017

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