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FCCPC Investigates Three Steel Firms Over Substandard Products, Unfair Practices

Substandard steel

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By Adedapo Adesanya  The Federal Competition and Consumer Protection Commission (FCCPC) has visited three steel manufacturing firms to investigate the alleged production of substandard iron rods and alleged involvement in other trade anti-competition practices. The affected companies are African Foundries Limited (AFL), Ogijo, Lagos; the Monarch Steel Mill Limited, Sagamu, Ogun, and the Kam Steel Integrated Company, Sagamu, Ogun State. The Acting Executive Vice Chairman of FCCPC, Mr Adamu Abdullahi, who led the operation, told journalists on Friday at the premises of AFL, that the agency’s visit to the three companies was informed by intelligence that they might be involved

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