Russia Says Local Alcoa Unit Abused Monopoly Position-Shanghai Metals Market

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Russia Says Local Alcoa Unit Abused Monopoly Position

Industry News 09:23:30AM Mar 04, 2011 Source:SMM

MOSCOW, March 3 (Reuters) - Russia's FAS anti-monopoly service said on Thursday that the local unit of U.S. aluminium giant Alcoa (AA.N: Quote) has abused its dominant position in certain types of products it manufactures in Russia.

The regulator noted that Alcoa raised prices on aluminium sheet produced at one plant by 119 percent in 2009, well above the level for comparable products.

Alcoa's Russian unit could not be reached for immediate comment.
 

Key Words:  Alcoa  Aluminium Al 

Russia Says Local Alcoa Unit Abused Monopoly Position

Industry News 09:23:30AM Mar 04, 2011 Source:SMM

MOSCOW, March 3 (Reuters) - Russia's FAS anti-monopoly service said on Thursday that the local unit of U.S. aluminium giant Alcoa (AA.N: Quote) has abused its dominant position in certain types of products it manufactures in Russia.

The regulator noted that Alcoa raised prices on aluminium sheet produced at one plant by 119 percent in 2009, well above the level for comparable products.

Alcoa's Russian unit could not be reached for immediate comment.
 

Key Words:  Alcoa  Aluminium Al