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Hyundai Steel, Daehan Steel and two others to face collusion investigation in South Korea

By Jenny Lee ( February 17, 2021, 08:53 GMT | Insight) -- Four of South Korea’s major steel companies accused of colluding to fix prices of steel scraps are expected to face a criminal investigation following a move by the country’s antitrust watchdog to file a criminal referral with the Prosecutor’s Office. The Korea Fair Trade Commission alleges a further investigation found the steelmakers had “gravely violated” the country’s antitrust law and undermined competition.Four of South Korea’s major steel companies accused of colluding to fix prices of steel scraps are expected to face a criminal investigation following a move by the country’s antitrust watchdog to file a criminal referral with the Prosecutor’s Office....

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