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Liuzhou Steel accused of abuse of dominance in charging shipping security deposit

( November 25, 2014, 04:13 GMT | Insight) -- An unnamed lawyer said Guangxi Liuzhou Iron and Steel Company has abused it market dominance by requiring private shipping companies to pay a security deposit of 8 million yuan ($1.3 million) before they can ship the company’s products, the Securitie...An unnamed lawyer said Guangxi Liuzhou Iron and Steel Company has abused it market dominance by requiring private shipping companies to pay a security deposit of 8 million yuan ($1.3 million) before they can ship the company’s products, the Securities Times reported. The lawyer said such behavior is a way of setting up barriers to market entry. An official from the local port and shipping administration bureau said Liuzhou Steel will have a monopoly over steel shipping services with its own newly-established logistics company, the report said....

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