Tribunal rules Pakistan Steel Mills abuses its dominant position

ISLAMABAD: The Competition Appellate Tribunal (CAT) has upheld the Competition Commission of Pakistan’s (CCP) decision against Pakistan Steel Mills (PSM), affirming its ruling that the state-owned enterprise had abused its dominant position in the sale of low-carbon steel billets.

The CCP had imposed a penalty of Rs25 million for PSM’s anti-competitive and discriminatory conduct. While acknowledging the violation, the tribunal partially allowed PSM’s appeal and reduced the penalty to Rs5m...