Spain: CNMC detects possible cartel in scrap metal sector

The purchase of scrap metal for the production of steel is being investigated by Spain’s National Commission for Markets and Competition (CNMC) over the possible existence of collusion agreements between companies seeking to set the purchase prices for steel suppliers.

The CNMC carried out various raids at the headquarters of several companies that operate in this sector. The visits, conducted between November 27 and 29, mark the start of the investigation process for anti-competitive behavior, without implying guilt for any of the companies involved.

The investigation of cartels is one of the priorities for the National Competition body. The CNMC has already uncovered several cases of ‘coordination’ between competing companies in various sectors, including diapers, used batteries, photographic services or computer services to the government.