Malaysia Fines Megasteel $1.4M Over Anti-Competitive Conduct

Law360, Washington (November 1, 2013, 6:52 PM EDT) -- Malaysia's antitrust regulator on Friday fined Megasteel Steel Sdn Bhd 4.5 million ringgits ($1.4 million) over its violation of the country's competition law by abusing its “dominant position” in the industry.

In a proposed decision, the Malaysia Competition Commission said Megasteel's disproportionate hot rolled coil and cold rolled coil prices created a “margin squeeze” that negatively affected their competitors.

“Margin squeeze is also regarded as abusive means by a dominant enterprise to leverage its market power in the upstream market so as to drive out the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.