The Federal Competition and Consumer Protection Commission (FCCPC) is investigating the quality of steel being produced by three local steel manufacturing companies.
The FCCPC team, at the weekend, stormed three steel manufacturing firms in Ogun State to investigate the quality of iron rods manufactured by the companies.
The visited companies are African Foundries Limited (AFL), Ogijo, Ogun State; the Monarch Steel Mill Limited, Sagamu, Ogun State, and the Kam Steel Integrated Company, Sagamu, Ogun State.
The Acting Executive Vice Chairman of FCCPC, Adamu Abdullahi, who addressed journalists at the premises of AFL, said the commission got intelligence that required it checks the quality of products produced by the companies.
Abdullahi said the FCCPC team took samples of products to ascertain if they are involved in unfair market practices.
He said the commission will not tolerate a situation where steel manufacturers would produce 10mm iron rods but label and market the same as 12 mm iron rods.
