Tribunal upholds CAK steel cartel penalties as two more appeals fail

The Competition tribunal has dismissed two more appeals by steel companies against the decision by the Competition Authority of Kenya (CAK) to penalise them for fixing prices, bringing the total to seven.

On a September 11 sitting, the Competition Tribunal dismissed appeals lodged separately by Jumbo Steel Mills Limited and Corrugated Sheets through which the companies had sought to quash CAK’s decision.

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