By Joseph Branch in Economics News —

FAS Russia imposed turnover fines on 7 major suppliers of rolled steel

FAS Russia imposed turnover fines on 7 major suppliers of rolled steel
Photo by Yanal Tayyem / Unsplash

The reason was the conclusion of anti-competitive agreements in order to maintain prices at tenders.

The total fine amounted to 1.77 billion rubles.

The following companies were involved in the proceedings: Steel Industrial Company JSC, Metal Rolling Service Center LLC, Enterprise Stroytechcenter LLC, A Group LLC, Uralmetallstroy LLC, Completion and Supply Management LLC, and Kraso Metal Trading Company LLC.