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. Translated from German by DeepL/mga How we work We select the most relevant news for an international audience and use automatic translation tools to translate them into English. A journalist then ...