Steel maker Tononoka contests CAK price-fixing link, Sh63m fine

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Metal rods manufactured at a steel mill in Kenya. 

Photo credit: File | Nation Media Group

Steel maker Tononoka Rolling Mills has faulted the competition watchdog for linking it to price-fixing, claiming that there was no evidence to support the allegations.

Tononoka said in submissions in the High Court that the findings of the Competition Authority of Kenya (CAK) failed to prove the existence of any price-fixing agreement.

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