{"id":631548,"date":"2018-03-21T04:17:56","date_gmt":"2018-03-21T04:17:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/eca-denies-targeting-steel-manufacturers-with-price-fixing-probe\/"},"modified":"2018-03-21T04:17:56","modified_gmt":"2018-03-21T04:17:56","slug":"eca-denies-targeting-steel-manufacturers-with-price-fixing-probe","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/eca-denies-targeting-steel-manufacturers-with-price-fixing-probe\/","title":{"rendered":"ECA denies targeting steel manufacturers with price-fixing probe"},"content":{"rendered":"

<\/a> ECA denies targeting steel manufacturers in price-fixing probe: <\/strong>The Egyptian Competition Authority (ECA) denied on Tuesday reports published in Al Borsa<\/a> that it is investigating steel manufacturers on antitrust allegations. \u201cThe authority has received no complaints against the sector, but has conducted a standard periodical review of the steel and cement industries,\u201d the ECA said in a statement<\/a>. It notes that it will announce the results of the review in the coming days. The story, which ran on Monday, heavily quotes Consumer Protection Authority (CPA) head Atef Yacoub\u2019s objections to the steel industries operations. He had raised concerns over the drop in their output, suggesting an attempt to raise prices. It is perhaps for the this reason the ECA concluded its statement by noting that it is the only government body with exclusive jurisdiction to investigate antitrust issues.<\/p>\n

That\u2019s not stopping Yakoub, who is now wagging his finger at the cement industry.<\/strong> The ECA head said that recent spikes in cement prices were \u201cunjustified,\u201d in a statement to Al Mal<\/a> which echoes his tone on the steel industry. He then criticizes companies justifying the price increases on inflation and a lack of supply after the temporary shuttering of Al Arish Cement, calling them \u201cexcuses.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

ECA denies targeting steel manufacturers in price-fixing probe: The Egyptian Competition Authority (ECA) denied on Tuesday reports published in Al Borsa that it is investigating steel manufacturers on antitrust allegations. \u201cThe authority has received no complaints against the sector, but has conducted a standard periodical review of the steel and cement industries,\u201d the ECA said […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631548","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f22ae834-2b93-49ca-81da-22152619f316","order":"0","is_powered_by":true,"section_story_id":"aeea8c4a-0fd4-45dc-b8d4-9fa7752b182f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[631537],"teaser":"","voice_url":""},"yoast_head":"\nECA denies targeting steel manufacturers with price-fixing probe - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/eca-denies-targeting-steel-manufacturers-with-price-fixing-probe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECA denies targeting steel manufacturers with price-fixing probe\" \/>\n<meta property=\"og:description\" content=\"ECA denies targeting steel manufacturers in price-fixing probe: The Egyptian Competition Authority (ECA) denied on Tuesday reports published in Al Borsa that it is investigating steel manufacturers on antitrust allegations. \u201cThe authority has received no complaints against the sector, but has conducted a standard periodical review of the steel and cement industries,\u201d the ECA said […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/eca-denies-targeting-steel-manufacturers-with-price-fixing-probe\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-21T04:17:56+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/eca-denies-targeting-steel-manufacturers-with-price-fixing-probe\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/eca-denies-targeting-steel-manufacturers-with-price-fixing-probe\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ECA denies targeting steel manufacturers with price-fixing probe\",\"datePublished\":\"2018-03-21T04:17:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/eca-denies-targeting-steel-manufacturers-with-price-fixing-probe\/\"},\"wordCount\":214,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/eca-denies-targeting-steel-manufacturers-with-price-fixing-probe\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/eca-denies-targeting-steel-manufacturers-with-price-fixing-probe\/\",\"name\":\"ECA denies targeting steel manufacturers with price-fixing probe - 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The competition watchdog alleges that Apple\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638272,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/01\/no-monopoly-in-the-steel-industry-says-el-garf\/","url_meta":{"origin":631548,"position":4},"title":"No monopoly in the steel industry, says El Garf","author":"enterpriseam admin","date":"1 October 2017","format":false,"excerpt":"A probe by the Egyptian Competition Authority (ECA) found no evidence of a monopoly and a conspiracy to raise the price of steel, ECA head Mona El Garf tells Al Masry Al Youm. 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