9,347.17 TL BIST 100 BIST 100
31.06 $ USD USD
€33.62 EUR EUR
43.42 TL Interest Interest
83.25 $ Fossil Oil Fossil Oil
22.62 $ Silver Silver
3.88 $ Copper Copper
121.11 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,023.50 TL Gold (gr) Gold (gr)

Severstal, NLMK and MMK are trying to resolve the dispute with FAS

Severstal, NLMK and MMK are trying to resolve the dispute with FAS in an amicable way.

Severstal, NLMK and MMK are trying to resolve the dispute with FAS

The largest metallurgical companies of Russia Severstal, NLMK and MMK planned to negotiate and reach an agreement with the Federal Anti-Monopoly Service of Russia (FAS) on the metallurgical monopoly case.

Earlier in February 2022, Russia's Federal Anti-monopoly Service considered that MMK, NLMK and Severstal had violated the anti-monopoly law by setting and maintaining high monopoly prices for hot rolled steel in the domestic market since January 2021. The Federal Anti-monopoly Service ordered companies to stop abusing their dominant position and ensure fair competition in the steel market of the Russian Federation.

Severstal was fined more than 8.7 billion rubles, and two other companies received fines of a similar size. Negotiations are still ongoing. 


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

The US imposes sanctions on 93 entites, including Türkiye: Here are 16 targeted companies from Türkiye

Saturday, February 24, 2024

Steel sales in Germany increased around 74 percent in January

Thursday, February 22, 2024

EU announced the mission for safeguarding the Red Sea

Tuesday, February 20, 2024

Statement from the Mining Platform regarding the mining accident that occurred in Erzincan

Tuesday, February 20, 2024

Limak Cement public offering results have been announced!

Monday, February 19, 2024
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now