GENERICO.ruEconomicsFAS filed a case against Ural Steel due to rising prices

FAS filed a case against Ural Steel due to rising prices

MOSCOW, October 11 The Federal Antimonopoly Service (FAS) opened a case against the Ural Steel company due to for rising prices for steel billets by more than 40% from the end of 2022, the service reported.
“An analysis of the organization's economic performance indicators showed that since the end of 2022, the increase in prices for billets amounted to more than 40% with a slight change in production costs… The agency opened a case of violation of antimonopoly legislation against the Ural Steel company,” the statement said.
If found guilty, the company faces a fine in accordance with the Code of Administrative Offenses of the Russian Federation, adds the FAS.

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