EC alleges steel makers formed cartel in pre-stressing rods

ERJ staff report (DS)

Brussels — The European Commission has confirmed that it sent in October 2008 a Statement of Objections to a number of companies active in the supply of prestressing steel, concerning their alleged participation in a cartel in violation of EU rules on restrictive business practices. There is no suggestion that the tyre and rubber business was in any way affected, except, perhaps in the construction of buildings.

Prestressing steel consists of metal wires and strands made of wire rod. Prestressing…

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