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1. www.abc.net.au › news › 2023/08/29BlueScope fined a record $57.5 million over attempted price ...

   www.abc.net.au › news › 2023/08/29

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   Aug 29, 2023 · Steelmaker BlueScope fined record $57.5 million for attempted price fixing of flat steel - ABC News. ABC Illawarra. / By Kelly Fuller. Posted Mon 28 Aug 2023 at 11:58pm, updated Tue 29 Aug 2023 at 12:32am. BlueScope has issued a statement to the ASX saying it has 28 days to appeal. (ABC Illawarra: Justin Huntsdale)

2. www.accc.gov.au › media-release › record-575-millionRecord $57.5 million penalty for BlueScope’s attempted price ...

   www.accc.gov.au › media-release › record-575-million

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   Aug 29, 2023 · Steel manufacturer BlueScope Steel has been ordered to pay a $57.5 million penalty for attempting to fix prices for flat steel products supplied in Australia. The penalty ordered by the Federal Court today is the highest penalty ever imposed for cartel conduct in Australia.

3. People also ask

   Why did BlueScope Steel pay a $57.5 million penalty?

   • Steel manufacturer BlueScope Steel has been ordered to pay a $57.5 million penalty for attempting to fix prices for flat steel products supplied in Australia. The penalty ordered by the Federal Court today is the highest penalty ever imposed for cartel conduct in Australia.

   Record $57.5 million penalty for BlueScope’s attempted price fixing

   www.accc.gov.au/media-release/record-575-million-penalty-for-bluescope’s-attempted-price-fixing

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   Was BlueScope a cartel to fix flat steel prices in Australia?

   • The Federal Court has found that Australia’s biggest steelmaker, BlueScope, and one of its former executives attempted to form a cartel with steel distributors and a manufacturer to fix the prices of flat steel products in Australia.

   BlueScope found guilty of attempted steel price fixing

   www.smh.com.au/business/companies/bluescope-found-guilty-of-attempted-steel-price-fixing-20221209-p5c537.html

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   Why did BlueScope impose a penalty?

   • This recent penalty decision follows BlueScope and Mr. Ellis' conviction in December of attempting cartel conduct and price-fixing concerning the supply of flat steel products. A comprehensive judgment handed down by Justice Michael O’Bryan in late 2021 validated most of ACCC's claims in the civil case.

   BlueScope's reserved response to $57.5 million fine - ShareCafe

   www.sharecafe.com.au/2023/08/29/bluescopes-reserved-response-to-57-5-million-fine/

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   What if BlueScope tries to fix prices with competitors?

   • “This should serve as a strong warning to all businesses and individuals that attempting to fix prices with competitors will have very serious consequences, even if the attempt fails and they do not reach an agreement,” ACCC Commissioner Liza Carver said. “We welcome this substantial penalty against BlueScope.

   Record $57.5 million penalty for BlueScope’s attempted price fixing

   www.accc.gov.au/media-release/record-575-million-penalty-for-bluescope’s-attempted-price-fixing

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4. www.smh.com.au › business › companiesBlueScope found guilty of attempted steel price fixing

   www.smh.com.au › business › companies

   Dec 9, 2022 · O’Bryan found that between September 2013 and June 2014, BlueScope and Ellis attempted to induce eight steel distributors in Australia and Taiwanese manufacturer Yieh Phui Enterprise to strike agreements to fix the pricing – and/or raise the pricing – of flat steel products.

   • Author: Sarah Danckert

5. www.9news.com.au › national › bluescope-steel-57BlueScope Steel slammed with record $57.5 million fine for ...

   www.9news.com.au › national › bluescope-steel-57

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   Aug 29, 2023 · By Daniel Jeffrey. 4:18pm Aug 29, 2023. Major Australian manufacturer BlueScope Steel has been fined a record $57.5 million for attempting to fix prices by setting up a cartel with its competitors ...

6. Videos

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     theaustralian.com.au

     BlueScope hit with record fine over price fixing

     Aug 29, 2023

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     ntnews.com.au

     BlueScope hit with record fine over price fixing

     Aug 29, 2023

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     skynews.com.au

     BlueScope Steel taken to court over ‘price fixing’ allegations

     Aug 29, 2019

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7. www.afr.com › companies › manufacturingBlueScope may pay big fine for trying to fix steel prices

   www.afr.com › companies › manufacturing

   Dec 8, 2022 · Australia’s largest steel group, BlueScope, faces a potential fine of $10 million after a court found the company and one of its former executives, Jason Ellis, attempted to engage in cartel...

8. www.sharecafe.com.au › 2023/08/29 › bluescopesBlueScope’s reserved response to $57.5 million fine

   www.sharecafe.com.au › 2023/08/29 › bluescopes

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   Aug 29, 2023 · This recent penalty decision follows BlueScope and Mr. Ellis' conviction in December of attempting cartel conduct and price-fixing concerning the supply of flat steel products. A comprehensive judgment handed down by Justice Michael O’Bryan in late 2021 validated most of ACCC's claims in the civil case.