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A.C.C.C. files against Simsmetal



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M e d ia R e le a s e

A.C.C.C. FILES AGAINST SIMSMETAL

in the Federal Court against Simsmetal Limited and two of its senior employees alleging attempted market sharing and misuse of market power in the South Australian steel scrap market.

The ACCC alleged that during 1995 an employee of Simsmetal attempted on two occasions to make an anticompetitive arrangement with one of Simsmetai's competitors in South Australia. One of the principal provisions of the attempted arrangement was that Simsmetal and the competitor would not compete for each . other’s clients. The ACCC further alleges that after these attempts failed, Simsmetal then used its market power to punish the competitor by targeting its two major clients.

A directions hearing has been set down for 9.30am on 12 March 1998 in the Federal Court, Canberra.

Further information Professor Allan Pels, Chairman, pager (016) 373 536 Ms Lin Enright, Director, Public Relations, (02) 6243 1108 or (0414) 613 520 MR 16/98 6 February 1998

PO Box I1 99 Dickson ACT 2602

470 Northboume Ave Dickson ACT 2(>02 Ph (02/ 6243 I I I / Fax (02/ 6243 1199