| 2008 |
South African steel producers raked in billions of rands by colluding to fix prices and share commercially sensitive information, according to the Competition Commission to the Pretoria High Court. The government announced that costs related to building 2010 stadiums had shot up by
more than R2-billion — partly as a result of high steel prices. The alleged cartel includes ArcelorMittal South Africa, Barloworld Robor, Pro Roof Steel Merchants, Kulungile Metals Group, Scaw Metals Group, Cape Gate and Cape Town Iron Steel Works, Trident Steel, Macsteel Holdings, and Highveld Steel & Vanadium Corporation. |
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