Voestalpine Involved in Further Cartel

IndustrialsBasic Resources ♦ Published: December 28, 2011; 20:24 ♦ (Vindobona)

According to German newspaper reports, the Austrian steel producer is involved in another cartel in the rail market.

Voestalpine Involved in Further Cartel / Picture: © Voestalpine AG

Market rumors say that voestalpine has made a price agreement with the German Stahlberg Roensch, which lasted until 2011. The arrangements were made in a special segment for high-performance rails, the report states. The Austrian steel company did not comment these reports. The cartel would affect German Railways (Deutsche Bahn, DB), which is Germany´s main buyer of rails. Deutsche…