CCI rejects complaint against Super Smelters

Fair trade regulator CCI has dismissed a complaint that charged steel company Super Smelters of indulging in anti-competitive business practices in relation to pricing of steel products.
The Competition Commission of India, in an order dated November 21, said that "there is no substance" in allegations such as predatory pricing, unfair and discriminatory conditions and abuse of dominance.
The complaint had alleged that Super Smelters along with group companies - Sai Sponge (India) Ltd and Sai Iron (India) Ltd - and other steel makers entered into an arrangement to determine purchase and sale price of different steel products produced by them.

It was also alleged that Super Smelters was imposing unfair and discriminatory price and was also selling goods below the cost to evade excise duty and sales tax.
With regard to other charges by the complainant that Super Smelters had evaded laws relating to taxes, excise duties, land ceilings and money laundering, CCI said the issues "do not come under the jurisdiction of the Commission".
"The informant may approach the appropriate forum in this regard," CCI said.
Accordingly, CCI concluded that "since the allegations in the matter do not raise any competition concern, the Commission holds that no prima facie case is made out against the opposite party (Super Smelters)...".

Super Smelters is engaged in manufacturing and processing of steel and allied activities.