Swiss steel traders face price fixing probe
Select your language
Generated with artificial intelligence.
Listening:
Swiss steel traders face price fixing probe
The Swiss Federal Competition Commission (ComCo) has opened an investigation into four steel traders accused of illegal collusion.
+Get the most important news from Switzerland in your inbox
It is suspected that the steel traders coordinated the sale and laying of steel over several years, the Competition Commission announced on Thursday. There were also indications that the companies had divided up customers among themselves.
+ How to protect people and homes from Swiss landslides
The Competition Commission has already carried out house searches at several companies. It is now investigating whether there have actually been any antitrust offences.
According to the press release, such an investigation usually takes two years. The accused companies are presumed innocent, it continues.
More
Swiss cantons handed extra funds to repair weather damage
Translated from German by DeepL/mga
We select the most relevant news for an international audience and use automatic translation tools to translate them into English. A journalist then reviews the translation for clarity and accuracy before publication.
Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team from news agencies such as Bloomberg or Keystone.
If you have any questions about how we work, write to us at english@swissinfo.ch
More
Why Switzerland is among the ten fastest-warming countries in the world
More
In Switzerland four out of ten people have a migrant background – who are they?
More
Suicides in Switzerland quadruple among older people
More
French gangs target luxury cars in Switzerland
More
Renewed controversy in Switzerland over US fighter jets – explained
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.