On 17 November 2016, the South African Competition Tribunal (“Tribunal”) confirmed a settlement agreement reached between the Competition Commission and ArcelorMittal South Africa Ltd (AMSA) with regards to AMSA’s involvement in the long steel and scrap metal cartels. The settlement covered four complaints against AMSA, three of which involved collusion in flat steel, long steel and scrap metal markets and the other on excessive pricing of flat steel products.