9 steel manufacturers fined over Kshs. 338 million

  • | Citizen TV
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    Three hundred and thirty-eight million shilling...That is the total amount of fine the Competition Authority of Kenya has slapped on nine steel manufacturers in the country, for what it terms cartel-like behavior in the sector. This, the watchdog says, had led to a steep increase in the prices of steel products which account for over 20% of the total cost of house construction in the country