OneSteel Limited - s.87B undertaking

Company or individual details

  • OneSteel Limited
    63 004 410 833

Undertaking

OneSteel Limited (OneSteel) requested informal clearance from the ACCC for its proposed acquisition of Smorgon Steel Group Limited (Smorgon). The ACCC had concerns that anti-dumping applications had the ability to significantly disrupt supply of imports of steel long products into Australia. Since the proposed acquisition would lead to a single domestic manufacturer of most types of steel long products, the ACCC considered that preserving the ability of legitimate imports to provide a competitive constraint would be crucial.

OneSteel provided a court enforceable undertaking to the ACCC that, for a period of 5 years (with potential for extension by negotiation), it will compensate importers who have incurred expenses or losses as a result of unsuccessful anti-dumping applications.

A public competition assessment will be issued in relation to the proposed acquisition.

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