trending Market Intelligence /marketintelligence/en/news-insights/trending/R4VHWz6U9kiI0y_sUbZNbA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

BlueScope Steel CEO knew of price-fixing plans, Australian regulator claims

COVID19 Mining Impacts Mining Projects With At Risk Production

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020

BlueScope Steel CEO knew of price-fixing plans, Australian regulator claims

The Australian Competition and Consumer Commission alleged that BlueScope Steel Ltd. CEO and Managing Director Mark Vassella received regular briefings about plans of the company's former general manager of sales and marketing, Jason Ellis, to fix steel prices, The Australian reported Dec. 25.

Vassella, who was the head of the company's Australia and New Zealand operations at the time, was given details within a month of the launch of the plans and received regular reports for at least six months after that, according to the regulator.

The commission, or ACCC, kicked off civil proceedings in August in the federal court, claiming that between September 2013 and June 2014, BlueScope and Ellis tried to get various steel distributors in Australia and overseas manufacturers to enter into agreements containing a price-fixing provision.

The ACCC recently filed documents in the court alleging that Vassella was aware of the plans, but it does not claim that the CEO had a part in preparing or carrying out the price-fixing scheme, the report said.

The regulator claimed that Ellis threatened foreign steelmakers with using Australia's antidumping laws to pursue punitive duties on imported steel if they refused to raise their prices.

BlueScope filed an antidumping complaint against steelmakers from South Korea and Taiwan 12 months after Ellis made the threats, according to a separate Dec. 26 report by The Australian.

Ellis met with Taiwanese steelmakers Shang Shing and Yieh Phui in February 2014 and offered to provide pricing information for its flat steel products made in Australia to convince the companies to increase prices, according to the court documents filed by the ACCC.

In the meeting with Shang Shing, Ellis said that "if Shang Shing increased the price at which it sold flat steel products in Australia by reference to that pricing information, it would avoid antidumping measures being taken against it," the ACCC alleged, according to the report.