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Steel makers fined Sh338m launch legal battle with CAK
Nine steel manufacturers fined Sh338 million by the Competition Authority of Kenya (CAK) for price-fixing and causing artificial shortages of key construction materials, have appealed the decision. PHOTO | SHUTTERSTOCK
Nine steel manufacturers fined Sh338 million by the Competition Authority of Kenya (CAK) for price-fixing and causing artificial shortages of key construction materials, have appealed the decision.
The nine firms that control Kenya’s steel industry, including Devki Group, Doshi, Corrugated Steel Ltd and Tononoka Rolling Mills, had by last week tendered their individual appeals before the Competition Tribunal, CAK acting director-general Adano Wario, has confirmed.
