Ou Gang alliance yesterday at the official website news, has been officially reported to the European Commission major iron ore suppliers possible abuse of dominant position and anti-competitive practices.
Ou Gang alliance represents 60 iron and steel enterprises and from 23 member states of the European Union national iron and Steel Union, covering almost all of the European Iron and steel production.
Ou Gang couplet thinks, the three major iron ore producers almost took control of global iron ore seaborne market of 3 / 4, formed a great price words power. But the demand of iron ore and the market does not support the producers of iron ore requirements of 80% ~ 100% of the rise in price. Clear indications, in the international iron ore rises in price considerably, model of iron ore pricing pressure on steel prices and the individual behind, there is illegal collusion, in violation of EU antitrust regulations. The soaring iron ore prices will damage the fragile European economic recovery, we hope that the EU immediate intervention.
In this regard, the EU expressed is not yet ready to start investigating the mechanisms, but the report content for the ongoing of BHP and Rio Tinto merger in Western Australia iron ore business antitrust investigations provide evidence.
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