9 June 2009 by and

Competition Alert

Competition appeal court rules on arcelormittal excessive pricing case

Seven months after the appeal was heard, the Competition Appeal Court (CAC)
has handed down its judgement in the appeals lodged by ArcelorMittal (Mittal) and MacSteel International against the landmark 2007 ruling of the Competition Tribunal in which the Tribunal found that Mittal had been charging excessive prices in the local market for flat steel, through its infamous international parity pricing system. The appeals had been opposed by the complainants in the matter, Harmony Gold and DRDGold, both represented by Cliffe Dekker Hofmeyr.

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