FAS suspected Evraz and OMK of overpricing railcar wheels
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The Federal Antimonopoly Service (FAS) of Russia has initiated antimonopoly proceedings against Russia’s largest producers of wheels for railway cars – Vyksa Metallurgical Plant (VMZ; part of OMK) and Evraz structures Evraz NTMK and Evraz TK. The department announced this on June 8.
According to the FAS, companies, occupying a dominant position in the market, unreasonably overestimated the price of products in the third quarter of 2022. “Analysis of the economic performance of companies showed that the prices they set exceeded the amount of necessary expenses and profits for production and sale,” the agency explains. .
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