Wednesday, April 11, 2007

S.Africa's Mittal to appeal competition body ruling

(Reuters) - Mittal Steel SA, the South African unit of the world's top steel-maker, on Wednesday said it would appeal against a ruling by the Competition Tribunal that it charged "excessive prices".

The Tribunal ruled last month that Mittal SA, which is 52 percent owned by Arcelor Mittal, contravened a section of the Competition Act by "charging an excessive price for its flat steel products to the detriment of consumers".


Read more at Reuters Africa

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